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Bulgaria's Billboard slightly lowers 9-mo cons net profit, revenue

Author Mario Tanev
Bulgaria's Billboard slightly lowers 9-mo cons net profit, revenue wrangler/Shutterstock.com

SOFIA (Bulgaria), November 18 (SeeNews) - Bulgarian printing and advertising company Billboard [BUL:5BP] said that its consolidated net profit after minority interest fell slightly to 406,000 levs ($230,000/208,000 euro) in the first nine months of the year from 496,000 levs in the same period of 2018.

Billboard's revenue edged down to 26.5 million levs in the January-September period of 2019 from 26.7 million levs in the comparable period of last year, the company said in an interim financial statement.

Operating expenses also decreased by a slim 100,000 levs, to 25.9 million levs.

A 1.2 million levs drop in expenses for hired services, which was offset by higher expenses for materials and personnel costs.

Billboard, established in 2001, offers wide format digital printing, offset printing and branding of vehicles.

(1 euro = 1.95583 levs)

 

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