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Nov 30, 2017 13:46 EEST
SOFIA (Bulgaria), October 30 (SeeNews) – Bulgarian engineering company Energoremont Holding [BUL:6EG] said on Thursday its consolidated net loss increased to 8 million levs ($4.8 million/4.1 million euro) in the first nine months of 2017 from 3.55 million levs in the prior-year period.
The company’s total revenues rose to 43.9 million levs in January-September from 26.3 million levs in the comparable period of last year, Energoremont said in a bourse filing.
Its operating expenses rose to 46.5 million levs in the period under review from 31.6 million levs the year before.
Financial expenses soared to 9 million levs in the nine months ended September 30 from 1.4 million levs in the same period of 2016.
In July, Dutch-based maintenance and engineering services provider Dietsmann acquired 97% of Energoremont for an undisclosed sum. It plans to use Energoremont as a stepping stone for expansion in Bulgaria and in the wider Balkans region, a senior representative of Dietsmann said at the time.
Energoremont and its seven affiliate companies manufacture power equipment, spare parts and metal structures for the power engineering, chemistry and metallurgy industries. The company has representative offices in Serbia, Macedonia, Kosovo and Turkey.
(1 euro = 1.95583 levs)
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