SOFIA (Bulgaria), November 26 (SeeNews) – Bulgarian resort operator Albena [BUL:6AB] said on Wednesday its consolidated net profit fell 27% to 15.8 million levs ($10.1 million/8.1 million euro) in the first nine months of 2014.
Consolidated revenues fell by 5.0% to about 92.3 million levs in the January-September period while consolidated operating profit went down by 25% to 17.9 million levs, Albena said in a financial report.
The resort operator was 54% controlled by Albena Holding and 20.57% by Albena Invest Holding as at the end of September.
Albena is located on Bulgaria's northern Black Sea coast.
(1 euro = 1.95583 levs)