May 29 (SeeNews) - Bulgaria's CBA Asset Management [BUL:CBAM] said on Monday that its consolidated net profit fell to 114,000 levs ($62,665/58,287 euro) in the first quarter of 2023 from 127,000 levs in the like period of last year.
Revenue declined to 173,000 levs in January-March from 190,000 levs a year earlier, the company said in an interim financial statement. CBA Asset Management booked some 68,000 levs in revenue from renting out own real estate, unchanged in annual terms.
At the same time, operating expenses fell to 59,000 levs in the review period from 63,000 levs in the first quarter of 2022.
Shares in CBA Asset Management last traded at 1.26 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)