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Dec 01, 2023 10:23 EEST
December 1 (SeeNews) - Financial services company Asterion Bulgaria said it turned to a consolidated net loss, after minority interest, of 249,000 levs ($139,164/127,311 euro) in the nine months through September from a net profit of 16.4 million levs in the same period last year.
Asterion's operating revenue grew to 78.3 million levs in January-September from some 68.5 million levs a year earlier, the company said in an interim financial statement on Thursday. Sales of goods generated 66.7 million levs, up 90% on the year.
You can download the 2023 Automotive industry in Southeast Europe report here
At the same time, the company's expenses widened to 78.5 million levs from 52.1 million levs on the back of costs of goods sold, which nearly doubled to some 59 million levs.
Asterion's consolidated assets stood at 108.4 million levs at the end of September, compared to some 125.4 million levs at the end of 2022, the statement showed.
The company is wholly owned by local automobiles and car parts trader Power Logistics. For its part, Asterion owns Avto Union, a holding comprising car dealing and auto parts trading businesses, and is a shareholder in Eurolease Group, or ELG, which is active in Romania and North Macedonia.
(1 euro = 1.95583 levs)
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