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Bulgaria’s Farin 9-mo non-cons net loss narrows

Oct 24, 2012, 11:47:43 AMArticle by Vera Borisova
share
October 24 (SeeNews) - Bulgarian agribusiness company Farin [BUL:9KDA] said on Wednesday its non-consolidated net loss narrowed to 1.18 million levs ($784,600/603,300 euro) through September from 1.7 million levs a year ago.

Bulgaria’s Farin 9-mo non-cons net loss narrows

Farin's nine-month operating loss widened to 5.3 million levs from 1.2 million a year earlier as sales dropped, the company said in a statement to the Bulgarian Stock Exchange.

The company’s sales revenue plunged to 4.3 million levs in the nine months through September from 7.7 million levs in the same period last year.

Farin turned to a non-consolidated profit from financial operations of 4.1 million levs from a loss of 542,000 levs in the first nine months of 2011.

The company's loss per share shrank to 226 levs in the January-September period from 327 levs in the same period last year.

(1 euro = 1.95583 Bulgarian levs)

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