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< All News July 29, 2010 Neochim, Lesoplast Post Higher Sales

Two more Bulgarian exporters have unveiled steady growth in sales.

Fertiliser maker Neochim posted a 71% rise in turnover, and timber products maker Lesoplast recorded a 25% increase. Lesoplast said its sales soared almost 25% for the first half of the year to BGN 17.2 million thanks to resuscitated demand and stabilising plywood prices on foreign markets.

Neochim’s 71% rise in sales between January and June, to BGN 86 million, is half of the figure reached for the first six months of 2008 when the crisis had not yet struck the Bulgarian economy. Furthermore, Corporate Commercial Bank (Corpbank), where under no clear criteria half of the monies of strategic government companies are parked, saw its profit surged by 30% to BGN 38 million against the backdrop of slowdown in the overall banking sector.

Non-banking lender Easy Asset Management reported its interest income rose by one-third to BGN 14.2 million and its profit more than doubled to BGN 4.3 million.



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