August 29 (SeeNews) - Bulgarian power distribution company Energo-Pro Varna [BUL:8EVA], a wholly-owned unit of Czech energy group Energo-Pro, said on Tuesday its consolidated net profit increased to 15.5 million levs ($9.5 million/7.9 million euro) in the first half of 2017, from 9.1 million levs in the same period of 2016.
Total revenues rose to 499.9 million levs in the January-June period, from 486.5 million in the first half of last year, the company said in a bourse filing.
Net financial expenses fell to 1.5 million levs in the period under review, from 20.5 million levs.
Energo-Pro Varna is active in electricity distribution in northeastern Bulgaria, where it is the sole licence holder, as well as in selling electricity to more than 1.2 million household and industrial customers.
(1 euro = 1.95583 levs)