Sun, Nov 22 2009

Power tools maker Sparky Eltos H1 revenues up 50% y/y

Fri, Jul 18 2008 15:51 CET bydnevnik.bg 68 Views

Sparky Eltos, the Bulgarian maker of power tools, said that H1 unconsolidated revenues had jumped 50 per cent, to 37.8 million leva.

The net profit of the company rose by a hefty 87 per cent to 5.7 million leva year-on-year.

Sparky Eltos explained the upside with successful efforts to expand its market reach and with a pick-up in demand for its enhanced line of products.

In late May, Sparky Eltos and Sanyo Europe clinched a deal for joint production of li-ion batteries. The project is expected to generate 8-10 million euro in sales by the end of 2009.

In its interim Q1 report, Sparky said that sales were projected at 89.1 million leva for 2008 and at 113.2 million leva for 2009.

Gross profit was forecast at 14.2 million leva for 2008 and at 20.1 million leva for 2009.

The company stock added 2.2 per cent to close at 9.30 leva on July 17.

Write comment

Name:Comment:

Generate new code
Send your comment

More in this category

Bulgarian MPs resurrect proposal to raise spirits excise

Strong public opposition to price hikes prompted Prime Minister Boiko Borissov to axe the Finance Ministry proposal to increase the excise duty on spirits, but MPs have put it back on the agenda.

Back to the future

Bulgaria’s Cabinet seeks to reverse recent changes in the telecommunications sector

At a crossroads, again

Kremikovtzi’s prospects for a recovery plan appear increasingly distant

Cash or card?

Bulgarians are getting the hang of debit and credit cards, MasterCard says

Bulgarian telecom Spectrum Net acquires local peer Orbitel

The two telecoms, both set up to challenge former fixed-line state monopoly BTC, will merge operations and expect to report 20 million euro in revenue and a gross profit of five million euro in 2010.

© 2000-2009, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.