Bulgaria's Atomenergoremont more than halves 9-mo net profit, lowers revenue

Atomenergoremont's revenue dropped to 28.7 million levs in the January-September period of 2019 from 35.0 million levs in the comparable period of last year, the company said in an interim financial statement on Tuesday.

The company's operating expenses edged up to 22.8 million levs in the review period from 21.2 million levs the year before, largely due to higher expenses for salaries.

Atomenergoremont's largest shareholder at the end of September was local Bultrade Corporation, with a stake of 55.28%. According to commercial register data, Bultrade Corporation is fully owned by private investor Boris Metodiev.

Other notable shareholders at the end of September were local OZK Insurance, with an 8.51% stake, and two universal pension funds - Topina and Badeshte, with stake of 6.99% and 6.96%, respectively.

(1 euro = 1.95583 levs)