Sat, Nov 21 2009

Alkomet reveals 33 per cent drop in sales for trimester

Fri, May 01 2009 11:05 CET byNick Iliev 1018 Views
Alkomet reveals 33 per cent drop in sales for trimester

Aluminium foil
Photo: Wikipedia

Alkomet AD has registered a 33 per cent drop in retail sales, down to 38.3 million leva on an annual basis and registering a 1.53 million leva loss for the first trimester of 2009. This contrasts sharply with the 1.17 million leva profit recorded for the same period - January to March 30 in 2008 - according to a company press release, quoted by Investor.bg.

Alkomet is a Shoumen-based company, specialising in aluminium production - sheets, pipes and others.
 
Staff expenses have also being sliced by 7.82 per cent down to 2.63 million leva, for the period January – March 30 2009.
 
The drop in sales is attributed to the drastic slump of demand in the domestic market, down by 77.1 per cent, a drop which intensified in the last trimester of 2008.
 
Another major factor affecting the company is the crisis in the car manufacturing and constructions sectors.
 
Foreign markets constitute as much as 93.84 per cent of the turnover of the company because Alkomet exports its raw materials to 23 countries. Its main business partners are Germany, Italy, France, Poland, Austria, Belgium, Denmark and the Czech Republic. Alkoment has reported that in spite of the economic downturn and the decrease in sales, it has a growing market share in Spain, Switzerland, Mexico and Algeria. 
 
For the last 12 months, Alkomet's market capitalisation has decreased by 82.53 per cent, down to 27.9 million leva.

Write comment

Name:Comment:

Generate new code
Send your comment
Warehouse and logistics complex in Sevlievo nears completion

Four million euro logistical, administrative and storage centre on the Sofia - Varna motorway near Sevlievo is nearly complete

Rollplast invests 71 million leva in high tech factory

Rollplast will expand its capacity five fold and increase production three fold, employing more than 700 people. It also aims to expand in Romania, Serbia and Macedonia.

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.