May 31 (SeeNews) - Bulgarian farming group BG Agro [BUL:AO0] said that its consolidated net profit amounted to 2.2 million levs ($1.3 million/1.1 million euro) in the first quarter of 2019, virtually unchanged compared to the same period of 2018.
The company's total revenue fell to 20.7 million levs in the January-March period of the year from 25.8 million levs in the like period of 2018, after a decrease in sales, figures from BG Agro's interim financial statement, published on Thursday, showed.
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The group also cut back on its expenses, which amounted to 18.5 million levs in the review period, down from 23.6 million levs in the comparable period of last year. Cost of goods sold dropped to 14.3 million levs from 18.6 million levs the year before.
BG Agro's assets increased to 120.5 million levs at the end of March from 111.1 million levs a year earlier. Current assets totalled 51.7 million levs, while current liabilities amounted to 49.6 million levs.
(1 euro = 1.95583 levs)