Bulgaria's Emka 9-mo net profit shrinks 19% y/y

Emka’s operating revenue declined to some 107 million levs in January-September from 124.7 million levs a year earlier, the company said in an interim financial statement. Of that, 104.9 million levs were generated from product sales, down from 120.8 million levs in the prior-year period.

Domestic sales totalled 29.7 million levs, while sales abroad came in at 75.2 million levs in the nine months through September.

The company’s expenses shrank to 98.7 million levs from 114.5 million levs, as costs for materials dropped by 17% to 86 million levs.

Shares in Emka last traded on Friday when they closed at 2.00 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)