Bulgaria's Sopharma Posts Flattish H1 Non-Cons Net Profit, Revenue Edges Up

Bulgaria's Sopharma Posts Flattish H1 Non-Cons Net Profit, Revenue Edges Up

Bulgarian drug maker Sopharma said on Tuesday that its non-consolidated net profit edged up to 25.0 million levs ($14.3 million/12.8 million euro) in the first half of 2019, from 24.9 million levs in the same period of 2018.As at 13:05 CET on Tuesday, Sopharma shares traded 0.60% lower at 3.29 levs on the Bulgarian Stock Exchange. Sopharma's drug sales revenue rose by a slim 1% year-on-year to 100.2 million levs in the first six months of the year, supported by higher sales in Europe, the company said in an interim financial statement. The company's European sales grew 13% on the year to 53.0 million levs in the review period, backed by a 35% rise in exports to Ukraine and a 7% increase in sales in Russia. Sales in Bulgaria dropped 11% to 38.0 million levs.

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