Asterion Bulgaria turns to 9-mo cons net loss

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.

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)