Up-for-Sale Bulgartabac Reports Higher Exports, Profits

Source from:  Tobacco Reporter 03/03/2011

Bulgartabac's net profit last year, at BGN20 million, was 16.5 times higher than it was in 2009, according to a Novinite story. The company, which is due to be privatized this year, accounts for 37 per cent of Bulgaria's domestic market. But, last year, 80 per cent of Bulgartabac's output was exported, up from 53 per cent in 2009 and 31 per cent in 2008. And 3.5 per cent of its 2010 income came from the sale of leaf tobacco. Bulgartabac has two cigarette plants, Blagoevgrad BT and Sofia BT, and a tobacco processing plant, Pleven BT. About a dozen investors are said to have declared an interest in the privatization of Bulgartabac. Enditem