Formoplast posted a 253,000 leva loss in the first quarter of 2007 compared to a loss of 139,000 leva a year ago, the company’s financial report published on the website of BSE-Sofia.

Net revenues increased 62.5% to 377,000 leva from 232,000 leva in the same quarter of 2006.
Total costs in the three months ended 31 March grew from 371,000 leva to 630,000 leva.

Formoplast has a core capital of 223,000 leva and own capital of 6.153 mln leva. Evrohold Bulgaria and Formpoplast 98 OOD control 48.87 and 31.28% of Formoplast’s capital respectively, while Starcom Consult holds 5.93%.

In the end of March 2007 Formoplast controlled assets worth 7.466 mln leva versus 7.663 mln leva a year ago. Receivables totaled 1.309 mln leva, while liabilities amounted to 686,000 leva.

The last transaction involving shares of Formoplast wass made on 6 April at 11.50 leva/share.