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Bulgaria's CBA Asset Management 9-mo cons net profit, revenue plummet

Bulgaria's CBA Asset Management 9-mo cons net profit, revenue plummet Photo: CBA / All rights reserved.

SOFIA (Bulgaria), December 1 (SeeNews) - Bulgaria's CBA Asset Management [BUL:CBAM] said that its consolidated net profit plunged to 1.5 million levs ($867,200/867,000 euro) in the first nine months of 2021 from 10.3 million levs in the comparable period of last year.

CBA Asset Management's revenue plummeted to 1.7 million levs in January-September 2021 from 10.6 million levs in the like period of 2020, the company said in an interim financial statement earlier this week.

Expenses went down to 200,000 levs from 286,000 levs in the first three quarters of 2020.

CBA Asset Management's consolidated net profit jumped last year from 383,000 levs in 2019, backed by the acquisition of Veliko Tarnovo-based investment company SPMI in May 2020.

(1 euro = 1.95583 levs)

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