BILLBOARD AD Announces Unaudited Consolidated Earnings Results for the First Half Ended June 30, 2016
September 01, 2016 at 04:59 am EDT
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BILLBOARD AD announced unaudited consolidated earnings results for the first half ended June 30, 2016. For the period, the company reported total net sales revenues in the amount of BGN 16,987,000 compared to BGN 15,587,000 registered by June 30, 2015 which represents an increase of the net sales revenues by 8.98%. Profit before taxes was BGN 333,000 compared to BGN 109,000 for the same period of 2015 which represents more than three times growth of the company's consolidated profit before taxes. Net profit was BGN 347,000 compared to BGN 123,000 a year ago. Earnings before taxes and depreciation and amortization, increased with the financial expenses and decreased with the financial incomes (EBITDA) was BGN 2,144,000 compared to BGN 2,161,000 which is a 0.8% decrease. Earnings before taxes and depreciation and amortization, increased by the financial expenses and decreased by the financial incomes was BGN 974,000 compared to BGN 1,090,000 a year ago, which is a 10.64% decrease.
Billbord AD (Billboard Plc) is a Bulgaria-based company that provides offset and digital printing services. The Companyâs product range includes billboards, mega boards, advertisement panels, labels, blinds, show stands, posters, stickers, banners, fitter carpets, floor stickers, flags, decoration and advertisements on vehicles, tents and textiles. The Companyâs customers include Coca Cola, Pepsi, Nestle, Kraft, Shell, OMV, KFC, Praktiker, Benetton, Max&Co, Beiersdorf, McDonaldâs, Carlsberg, Metro Cash&Carry, Mr.Bricolage, Billa, as well as such Bulgarian companies as MobilTel, BTK, SIS Industries, DZI, Zagorka, Kamenitza, Euromarket, and Post Bank, among others. Bilbord AD is the majority shareholder in Digital Print EOOD (100%), Solarset EOOD (100%), InStore Media OOD (100%), Dedraks OOD (60%), NimiSoft OOD (51%), Motion Arts OOD (51%), Mega Print DOO (51%) and DPS-Bulgaria OOD (60%).