September 29 (SeeNews) - Bulgarian printed packaging and cigarette filter manufacturer Yuri Gagarin [BUL:4PX] said that it turned to a consolidated net profit of 554,000 levs ($331,100/283,300 euro) in the first half of 2020, from a net loss of 882,000 levs in the same period of 2019.
Yuri Gagarin's operating revenue rose to 52.7 million levs in January-June, compared to 51.6 million levs in the like period of last year, the company said in an interim financial statement on Monday.
Operating expenses edged down to 52.1 million levs in the first six months of the year, from 52.4 million levs in the same period of 2019.
The company's assets increased to 162.1 million levs at the end of June from 155.6 million levs a year earlier.
Yuri Gagarin consolidates the results of two wholly-owned subsidiaries - Sofia Print Investment and U. G. Technics.
Yuri Gagarin manufactures multi-colour printed packaging and labels of cardboard and paper for the cigarettes, food, cosmetic and other industries.
(1 euro = 1.95583 levs)