Bulgaria's CBA Asset Management 9-mo cons net profit plummets

Revenue dropped to 330,000 levs in the nine months through September from 1.7 million levs a year earlier, the company said in a financial statement on Tuesday.

Sales formed the biggest part of revenue - 204,000 levs. The revenue was generated mainly through renting out own real estate. In addition, the company booked revenue from investments in the amount of 126,000 levs.

At the same time, operating expenses fell to 139,000 levs from 152,000 levs.

Shares in CBA Asset Management last traded at 1.00 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data showed.

(1 euro = 1.95583 levs)