June 24 (SeeNews) - Bulgarian IT solutions provider CNSYS said that its net profit rose to 817,000 levs ($476,000/418,000 euro) in 2018 from 680,000 levs in 2017.
The company's operating revenue grew to 54.9 million levs last year from 51.8 million levs in 2017, CNSYS said in an annual financial statement last week.
Operating expenses increased to 53.9 million levs in 2018 from 51.0 million levs the year before, following a rise in expenses for materials.
CNSYS' assets rose to 39.8 million levs at the end of 2018 from 30.4 million levs a year earlier, due to an increase in inventory.
(1 euro = 1.95583 levs)