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Bulgaria's Biodit 9-mo revenue surges

Bulgaria's Biodit 9-mo revenue surges Photo: Biodit / All rights reserved.

SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian biometric identification security solutions developer Biodit [BUL:BDT] said that its revenue from sales of devices and related services jumped by 105% on an annual comparison basis to 204,000 levs ($121,100/104,300 euro) in the nine months through September.

Sales growth is reported in all business lines, the company said in a statement on Wednesday.

The company expects a significant increase in sales of devices specifically designed for the hotel industry and related subscription services in the next 12 months, it said.

The company's operating loss fell by 6% in the January-September period.

Earlier this year, Biodit raised 1 million levs in an initial public offering (IPO) on the Bulgarian Stock Exchange's BEAM market, priced at 1 lev per share.

As at 11:00 CET on Thursday, shares in Biodit traded flat at 1.55 levs on the floor of the Sofia bourse.

(1 euro = 1.95583 levs)