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Chernomorsko Zlato AD (Bulgaria)

Main Activities: Wineries | Distilleries
Full name: Chernomorsko Zlato AD Profile Updated: August 30, 2022
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

The Chernomorsko Zlato winery, which was put into operation in 1932, is located in the eastern town of Pomorie. The company is engaged in the production of wine, brandy, rakia - a national fruit brandy, and aperitifs. Chernomorsko Zlato produces around 15 million bottles per year and exports account for around 50% of its annual sales.
A 25% stake in the winery was offered for sale against vouchers under the government's mass privatisation programme in 1996-97. In November 1996, Bulgaria's Privatisation Agency sold 55% of Chernomorsko Zlato to local wine and liquor maker Vinprom Pomorie, majority-owned by Varna-based company Festa, for USD 4.32 million. The buyer, which had to pay 50% in cash and the remainder in long-term government securities, pledged to invest USD 3.54 million in the company in a five-year period. Of the remaining 20% of the winery, 15% was offered to employees at a preferential price and 5.0% were set aside to cover property claims by former pre-communist owners.

Headquarters
Industrial Zone
Pomorie; Burgas; Postal Code: 8200

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Website: http://www.bsgold.bg

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Ratings:
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Incorporation Date:
December 21, 1990
Key Executives
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Executive Director and Member of the Management Board
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Executive Director and Member of the Management Board
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Member of the Management Board
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Member of the Supervisory Board
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Member of the Supervisory Board
Ownership Details
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88.09%
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11.39%
Subsidiaries
Company Performance
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BGN. Absolute financial data is included in the purchased report.
Net sales revenue
23.76%
Total operating revenue
20.12%
Operating profit (EBIT)
83.23%
EBITDA
59.52%
Net Profit (Loss) for the Period
111.17%
Total assets
-3.58%
Total equity
-1.86%
Operating Profit Margin (ROS)
7.54%
Net Profit Margin
8.15%
Return on Equity (ROE)
9.21%
Debt to Equity Ratio
-12.55%
Quick Ratio
-0.31%
Cash Ratio
-0.06%

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