BCCI: There are signs of economic recovery in Bulgaria
“There are some, albeit timid, signs of recovery of the Bulgarian economy,” Tsvetan Simeonov, President of the Bulgarian Chamber of Commerce and Industry (BCCI), said when presenting on Friday the ranking of the Top 100 Bulgarian companies for 2011.
The ranking was based on the following criteria: change in net sales proceeds, profit per BGN 100 equity capital and profit per BGN 100 sales proceeds. An additional condition for companies is to have completed 2011 with a profit exceeding BGN 100,000.
“Sale proceeds of the best companies in Bulgaria increased by 252% last year when the economic growth was 1.7%,” specified Simeonov. In 2011, companies’ proceeds totaled BGN 1.1 bn, compared to BGN 312 mln in 2010 and the average profit of companies increased by 886%, reaching BGN 651,000.
In terms of profitability, firms reported an average profit of BGN 112 to equity profit of BGN 100 and an average profit of BGN 50 per sales proceeds of BGN 100. The average profit of companies in 2011 in terms of the second indicator is BGN 1.2 mln.
The Top 100 most dynamic companies achieved an average growth of 252%, while the country’s economy grew by just 1.7% last year, showed BCCI’s figures. According to its data, the average profit of the leading business companies in the country reached BGN 651,000.
In terms of regions, Sofia is the leader with 38 firms represented in the Top 100, followed by Plovdiv with 7, and Russe and Varna – with 5 each. According to BCCI, trade is the most profitable sector with a profit of 37%, followed by the service sector (28%) and the textiles sector (11%).
Source: www.klassa.bg
(25.09.2012)