Bulgaria's CBA Asset Management grows Q1 cons net profit 37% y/y

CBA Asset Management's operating revenue went up to 205,000 levs in the first quarter of 2024 from 173,000 levs a year earlier, the company said in an interim financial statement on Monday.

The company generated 75,000 levs from renting out own real estate in the review period. In addition, CBA Asset Management booked revenue of 130,000 levs from control over its subsidiary CBA Property Management.

At the same time, operating expenses in the first three months of 2024 narrowed to 49,000 levs from 59,000 levs in the prior-year period on the back of lower costs for hired services.

Shares in CBA Asset Management last traded at 1.78 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)