The general meeting of the shareholders of Mak AD has decided to invest the profit, generated by the company in 2006, in technical and technological renovation of the production process.

BSE-Sofia data shows that in 2006 the company generated a profit of 450,000 leva or 1.11 leva/share.

The general meeting also approved a proposal not to distribute a dividend for last year.

The company posted a net consolidated profit of 199,000 leva (0.49 leva/share) for the first quarter of 2007 up from a profit of 49,000 leva (0.12 leva/share) a year ago.

Mak’s core capital stands at 405,000 leva and its own capital is in the amount of 7.164 mln leva. Vyor Bijev EOOD controls 76.95% of its capital, while Kyubi AD-Gabrovo holds 6.00%.

Mak AD stock traded at 18.00 – 21.00 leva/share yesterday – a new historic maximum on this position.