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Maritsa East Mines EAD (Bulgaria)

Main Activities: Bituminous Coal and Lignite Surface Mining
Full name: Mini Maritsa - Iztok EAD Profile Updated: September 08, 2023
Buy our report for this company USD 29.95 Most recent financial data: 2021 Available in: English Download a sample report

State-owned mining company Mini Maritsa Iztok was established in 1993 as the legal successor of Troyanovo-1 Mine, Troyanovo-North Mine and Troyanovo-3 Mine. It is the largest coal mining company in the country and holds a 35-year concession for the extraction of coal from Iztochnomarishki coal basin deposit.
The productive area of the coalfield is around 240 square kilometres. Three opencast mines operate on the territory of the complex – Troyanovo-1 Mine, Troyanovo-North Mine and Troyanovo-3 Mine. As of end-2012 the reserves of the complex totalled 2,046 million tonnes of lignite. The lignite produced by the company is intended for supplying the state-owned Maritsa East Two power plant, ContourGlobal Maritsa East 3, AES Galabovo and local thermal power plant and briquette producer Brikel.

Headquarters
13 Georgi Dimitrov str.
Radnevo; Stara Zagora; Postal Code: 6260

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Website: http://www.marica-iztok.com/

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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Incorporation Date:
July 07, 1993
Key Executives
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Executive Director and Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
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Member of the Board of Directors
Ownership Details
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100%
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
32.04%
Total operating revenue
29.65%
Operating profit (EBIT)
42.56%
EBITDA
20.7%
Net Profit (Loss) for the Period
46.78%
Total assets
2.51%
Total equity
1.25%
Operating Profit Margin (ROS)
5%
Net Profit Margin
4.88%
Return on Equity (ROE)
1.9%
Debt to Equity Ratio
-1.38%
Quick Ratio
-0.09%
Cash Ratio
0.54%

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