Bulgaria's Gradus Records 6.6 Mln Euro Cons Net Profit in H1

Bulgaria's Gradus Records 6.6 Mln Euro Cons Net Profit in H1

Bulgarian poultry producer Gradus [BUL:GR6] said it recorded a consolidated net profit of 12.9 million levs ($7.7 million/6.6 million euro) in the first half of 2018.The company did not provide comparative figures. The revenue of Gradus amounted to 64.4 million levs in the first half of 2018, while costs for raw materials stood at 36.3 million levs, the company said in an interim financial report posted on its website.In June, Gradus raised 81.4 million levs in a two-day initial public offering (IPO) on the Sofia bourse. Investors subscribed for 45.2 million Gradus shares, or 81% of the total number of offered shares, at a price of 1.8 levs apiece, making it the biggest IPO on the Bulgarian Stock Exchange since 2007.Gradus' capital is divided into 243,608,710 shares with a nominal value of 1 lev each, according to data from Bulgaria's Financial Supervision Commission. (1 euro = 1.95583 levs)

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