Bulgaria's Billboard grows 9-mo cons net profit

Billboard's revenue declined to 27.5 million levs in January-September from to some 28.4 million levs a year earlier, it said in an interim financial statement. The company's pre-tax profit grew to 1.2 million levs compared to 799,000 levs at end-September 2022.

Billboard's expenses narrowed to 26.3 million levs from 27.6 million levs, mainly due to an 11% annual drop in costs for materials to 13.85 million levs.

Billboard, established in 2001, offers wide format digital printing, offset printing and branding of vehicles, among other services. It has two subsidiaries, Dedrax and Digital Print.

Shares in Billboard closed flat at 0.29 levs on the Bulgarian Stock Exchange in its most recent trading session on Thursday.

(1 euro = 1.95583 levs)