December 10, 2017 9:34 PM ET

Independent Power and Renewable Electricity Producers

Company Overview of Energo-Pro Varna EAD

Company Overview

Energo-Pro Varna EAD engages in the generation of electricity from hydroelectric power plants in Bulgaria. It also distributes and supplies electricity to household and business customers in Bulgaria. The company was founded in 2000 and is based in Varna, Bulgaria. As of June 29, 2012, Energo-Pro Varna EAD operates as a subsidiary of ENERGO- PRO a.s.

Varna Towers

Tower G

258 Vladislav Varnenchik Boulevard

Varna,  9009

Bulgaria

Founded in 2000

Phone:

359 52 66 08 32

Key Executives for Energo-Pro Varna EAD

Senior Vice President of Law, Regulation and Communication
Senior Vice President of Central Functions
Chairman of the Management Board
Age: 61
Member of the Management Board
Age: 67
Member of the Management Board
Age: 55
Compensation as of Fiscal Year 2017.

Energo-Pro Varna EAD Key Developments

Energo-Pro Varna EAD Reports Consolidated Earnings Results for the First Half Ended June 2017

Energo-Pro Varna EAD reported consolidated earnings results for the first half ended June 2017. For the first half, the company reported net profit rose to BRL 15.5 million ($9.5 million/EUR 7.9 million), from BRL 9.1 million a year earlier. Total revenues rose to BRL 499.9 million in the January-June period period, from BRL 486.5 million in the first half of 2016.

Energo-Pro Varna EAD Reports Earnings Results for the First Half of 2017

Energo-Pro Varna EAD reported earnings results for the first half of 2017. For the first half, non-consolidated net profit rose to BRL 48.9 million ($29.3 million/EUR 24.9 million), from BRL 7.6 million a year earlier. Total revenues rose to BRL 66.9 million in the review period, from BRL 42.8 million in the first half of 2016.

Energo-Pro Varna Reports Earnings Results for the First Quarter Ended March 2017

Energo-Pro Varna reported its first quarter net profit rose to BGN 11.1 million ($6.4 million/€5.7 million) from BGN 10.4 million a year earlier. Total revenues rose to BGN 289.1 million in the review period, from BGN 277.2 million in the first quarter of 2016. Revenue from electricity sales edged down to BGN 183.8 million in the January-March period, compared to BGN 186.5 million the year before. Operating profit increased to BGN 11.9 million from BGN 11.3 million.

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Recent Private Companies Transactions

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Date
Target
No transactions available in the past 12 months.
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