BULGARIA'S MEDICA SALES REVENUE GROWS 31% Y/Y IN JANUARY-AUGUST
Bulgaria's pharmaceuticals and medical supplies producer Medica recorded a 31 per cent annual increase in sales revenue to 11.04 million leva in the first six months of 2011, the company said.
In August alone, the company's revenue rose by an annual 16.5 per cent. The growth was attributed to strong sales on both the domestic and foreign markets.
Its exports surged by nearly 80 per cent up to August thanks to higher sales of medical supplies. Sales on the local market went up by 17 per cent in the period.
Medica is part of the group controlled by Doverie Obedinen Holding and major drug maker Sopharma. Apart from production of medical supplies and bandages, the company has made significant investments in a plant for pharmaceuticals.
