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Bulgarian ship repairer Odessos turns to Q3 non-cons net profit

Oct 30, 2012, 4:17:33 PMArticle by Vera Borisova
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October 30 (SeeNews) - Bulgarian ship repairer Odessos [BUL:5ODE] said on Tuesday it turned to a non-consolidated net profit of 15,000 levs ($9,900/7,700 euro) in the third quarter of 2012 from 874,000 levs net loss a year earlier.

Bulgarian ship repairer Odessos turns to Q3 non-cons net profit

Non-consolidated revenue fell to 16.08 million levs in the July-September period from 19.22 million levs in the same period last year, Odessos said in a filing with the Sofia bourse.

The company's non-consolidated operating loss, however, narrowed to 78,000 levs in the three months through September compared with 1.11 million levs a year ago.

The company repaired 34 ships in the first nine months of this year.

Varna-based Odessos Shiprepair Yard (www.odessos-yard.bg) was set up in 1963.

(1 euro=1.95583 Bulgarian levs)

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