Despite the hefty growth rates of Lead and Zink Complex PLC, a Bulgaria based one, its profitability aggravated mainly due to the highly volatile prices of both lead and zinc and high transportation cost – Equity Watch analysts consider. The management of the company plans to invest 110 000 thousand euros in the next four years to help boost sales and cost efficiency. The capital expenditures are expected to improve the overall profitability – also remind the analysts.

The Annual Shareholders Meeting of Orgahim ADprovided several points of interest. Firstly the minority shareholders’ appeal for distribution of dividend was turned down, which enraged several larger shareholders to claim that will review their investment in Orgahim. Secondly the CEO, Mr Ivan Sokolov, resigned after a rift between him and the majority shareholder over development strategy.

The first quarter report of Macedonian Ohridska Banka disappointed the investors as soaring financing costs, rising operating expenses and higher than expected risk provision eat away the significant growth of interest and non-interest income. As a result the net banking income grew by 21% while net profit fell by 84.7% - Equity watch analysts reported and added - Based on the last submitted full financial report (the audited annual report for 2007) the Bank continues to maintain very high capital adequacy ratio of 24.7%.