• “Tchaikapharma” ended 2021 with the largest capitalization on the BSE

    January 5, 2022

    SOFIX was one of the most successful stock indices in 2021. The indicator outlined a successful trading on the Bulgarian Stock Exchange for both investors and public companies. For the twelve months of last year, the “blue chip” index grew by 42.23% to 635.68 points, showed a study by the newspaper. “Banker”. The main index of the Bulgarian Stock Exchange – SOFIX, ends 2021 in second place in terms of growth in the region of Central and Eastern Europe. It was outpaced only by OMX Tallin in Estonia, but only by a small margin /with 48.92% growth/.


    For the second year in a row, the shares of Tchaikapharma High Quality Medicines Inc continue to gain value, and the drug manufacturing company also welcomes 2022 as the company with the largest market capitalization on the BSE-Sofia.


    The pharmaceutical company started the 2021 stock exchange year at a share price of BGN 13.50 per unit. And twelve months later, the generic drug manufacturer’s shares added another BGN 1.40 to their value. Thus, the market capitalization of Tchaikapharma at the end of December reached BGN 1 259 050 000.


    Not only the sector in which the company operates – the production of medicines – it supplies both potent products to leading international companies and generic ones produced in its plants in Plovdiv and Varna, but also its business plans and financial results support this growth of the shares.


    Expansion activities at the tablet manufacturing facility in Plovdiv continue. The new equipment, which is in a test period, has been installed and staff has been trained. The construction of the additional warehouses for format parts has been completed and the premises are ready for start-up by the end of the year. The production permit is to be changed. Tihomir Kamenov controls 95.43% of the voting shares of the company.


    BSE competitors on the “market capitalization” indicator also increased their market valuation, but are still far behind.


    Read the full article here in Bulgarian.