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Bulgaria Cigarette Monopoly with BGN 25 Net Profit in 2008
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Bulgaria's cigarette-maker Bulgartabac registered a net profit of almost BGN 25 M in 2009, the company press service announced Wednesday.
This is an increase of 680% compared to 2007, when the company's net profit was only BGN 3,172 M.
This staggering increase, however, is primarily due to the sale of two of the company's formerly four plants as part a restructuring strategy aimed at optimizing and concentrating its production.
In July 2008, the Bulgartabac plants in the cities of Stara Zagora and Plovdiv were sold for BGN 18 M and BGN 31 M respectively on the Sofia Stock Exchange. Thus, the monopoly remained with only two plants located in Sofia and in Blagoevgrad.
In 2008, Bulgartabac sold a total of 17,314 billion cigarettes. Of these, 11,896 billion were sold in Bulgaria, and 5,418 billion were exported. The company's exports have increased by 16,84%.
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Bulgarian Properties |
Cheap Properties in Bulgaria >>
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I't's so easy to start your agricultural business - LND03
Brief: Agricultural land for sale near Ruse
Area: 30000 sq.m.
Price: 9000 EUR
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Perfect lot for Solar Photovoltaic Panels - Only 4 Euro per sq.meter - RUS1577
Brief: Land for sale near Ruse
Area: 7000 sq.m.
Price: 28000 EUR
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Bulgarian Land Near the Sea - My Bulgarian Property - More than 50 000 sq.feet - SLAND51
Brief: Land for sale near Balchik
Area: 5000 sq.m.
Price: 32850 EUR
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Bulgarian Land Near the Black Sea coast - SLAND34 - only 12 Euros per sq. m.
Brief: Land for sale near Balchik
Area: 14000 sq.m.
Price: 168000 EUR
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The sea dream - land near the sea - Bulgarian Property near Cape Kaliakra - RUS195B
Brief: Land for sale near Balchik
Area: 10000 sq.m.
Price: 500000 EUR
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A lovely house near Ruse My Bulgarian Property RBP27
Brief: Houses for sale near Ruse
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A place that reaches out for you My Bulgarian Property RBP12
Brief: Houses for sale near Ruse
Area: 130 sq.m.
Price: 6200 EUR
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You new big house near Yantra River - My Bulgarian Property - RBP03
Brief: Houses for sale near Ruse
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Brief: Houses for sale near Srebarna
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Can you imagine - Invest in Bulgaria - RUS1249
Brief: Hotels for sale near Ruse
Area: 100 sq.m.
Price: 12600 EUR
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Be creative RUS1520
Brief: Houses for sale near Ruse
Area: 60 sq.m.
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Brief: Houses for sale near Ruse
Area: 80 sq.m.
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Another apartment for sale in Ruse RUS1294
Brief: Large apartments for sale in Ruse
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Price: 57000 EUR
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