Elprom ZEM reports strong 9mo 2008

30.10.2008 Source: Investor.bg; FFBH

Elprom ZEM doubled its revenues on annual basis in 9mo 2008 up to BGN 10m. The company profitability also improved and reached 14.5% net profit margin compared to 12.8% in 9mo 2007. Net profit alone was BGN 1.45m, up 127% YoY. CFO slightly improved over decrease in non-cash working capital but remained negative BGN 1.2m in 9mo 2008 (negative BGN 1.4m in 9mo 2007).