April 30 (SeeNews) - Bulgarian real estate investment trust (REIT) Advance Terrafund [BUL:6A6] said on Monday that its non-consolidated net profit fell to 1.1 million levs ($681,300/562,400 euro) in the first quarter of 2018 from 1.8 million levs in the prior-year period.
The REIT's operating revenue decreased to 2.3 million levs in the first three months of the year compared to 3.1 million levs in the like period of 2017, Advance Terrafund said in a bourse filing.
Advance Terrafund's operating expenses edged down to 1.1 million levs in the review period from 1.2 million levs a year earlier.
At end-March, Advance Terrafund owned 22,017 ha of farmland and 13.3 ha of urban land.
Advance Terrafund shares last traded on Friday, when they closed 0.45% lower at 2.2 levs.
(1 euro = 1.95583 levs)