Bulgartabac Holding's revenue rose by 19% YoY in the first four months of 2007, Hristo Lachev CEO of the company said. Bulgartabac generated BGN 96.6m sales revenue for the period January to April 2007, compared to BGN 81.2m revenue generated a year earlier. Bulgartabac sold a total of 5,679 tonnes of cigarettes in the period. Bulgaratabac's management team also dismissed the allegations for breaches considering the signing of advertising contracts and the lease of automobiles. The biggest advertising contract signed by the tobacco company is for BGN 360,000, as opposed to the allegations for a BGN 500,000 contract. Bulgartabac budgeted BGN 9.34m for advertising in 2006, Lachev said. The media had reported earlier that the company budgeted some BGN 12m for advertising purposes.