The company’s equity stock is calculated at 50.7 million leva but the fund is in the middle of a capital raise – through 10.14 million shares at 1 lev par value and issue price of 2.25 leva. Subscription issue is already launched and trade in rights will proceed until February 8.

FairPlay Properties REIT reported 11.128 million leva (0.22 leva a share) net profit for 2007 against 2006’s financial result of 841 000 leva (0.02 leva a share), the fund said in a filing with the Bulgarian Stock Exchange in Sofia.

The current price/profit ratio at the price of 2.28 leva a share is 10.4.

FairPlay Properties REIT marked nearly 8.87 million leva in profit for distribution as dividend, which is 670 000 leva above the November 2007’s forecast.
 
The fund’s net sale revenues come up to 47.864 million leva against 2.447 million leva, recorded a year before. Interest expenses soared from 412 000 leva in 2006 to 1.117 million leva.
 
The company’s equity stock is calculated at 50.7 million leva but the fund is in the middle of a capital raise – through 10.14 million shares at 1 lev par value and issue price of 2.25 leva. Subscription issue is already launched and trade in rights will proceed until February 8.