Bulgarian tobacco company Sofia-BT exports increase by 541 percent..

May 4, 2009 - The Bulgarian tobacco company "Sofia-BT" AD marked a 541 percent increase in exports for the first quarter of 2009 year-on-year. Sofia-Bulgartabac (BT), a cigarette making unit of Bulgarian majority state-owned tobacco firm Bulgartabac Holding.

The company exported 610 tons of cigarettes, worth BGN 9,5 M, compared to 94 tons (BGN 1 M) for the same period in 2008. Main export destinations of "Sofia-BT" are the Near and Far East, Balkans, and some EU countries. The company produced a total of 746 million cigarettes (BGN 11,11 M) for the first three months of 2009, compared to the 314 million cigarettes (BGN 3,64 M) for the same period in 2008.

"Sofia-BT" was created in 1993 as a successor of the Cigarette factory-Sofia. Sofia-BT AD produces such cigarette brands as Sredets, Victory, MM, Tersor, Bulgartabac 1, Femina, Eva, Welcome, Nevada, Country and Seven Hills.

Sofia BT, a cigarette making unit of Bulgarian majority state-owned tobacco firm Bulgartabac Holding, posted a loss of 4.7 million levs ($3.2 million/2.4 million euro) for the first quarter of 2009 against a loss of 4.1 million levs for the year-ago period, despite a rise in sales revenue.

Reference: Bulgaria Tobacco Company Records 541% Export Increase, http://www.novinite.com - Sofia News Agency.

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