Enemona’s H1 consolidated sales jump 85% YoY, net income rises 34% YoY
13.08.2009
Source: Enemona; FFBH
Enemona reported an 85% YoY jump in H1 consolidated sales revenue to BGN 84.3m. However, the company’s operating expenses nearly doubled to BGN 72.2m as compensation costs swelled by 163% YoY and expenses for external services increased by 97% YoY. The company’s EBITDA increased by 34% YoY to BGN 12.1m but the EBITDA margin fell to 14% from 20% in the year-ago period. Enemona’s net profit also rose by 34% YoY to BGN 6.9m.
Interest-bearing debt fell to BGN 70.4m at the end of June from BGN 72.6m at end-March, thus the IB Debt-to-Assets ratio decreased to 35.8% from 37.4%.