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Bulgaria's Golden Sands cons net loss widens in 2019

Bulgaria's Golden Sands cons net loss widens in 2019 Author: Hotel Lilia. Licence: All rights reserved.

SOFIA (Bulgaria), February 19 (SeeNews) - Bulgarian resort operator Golden Sands [BUL:3ZL] said on Wednesday its consolidated net loss widened to 2.8 million levs ($1.5 million/1.4 million euro) last year, from 1.0 million euro in 2018.

Total operating revenues edged down to 23.5 million levs in 2019, from 24.0 million levs the year before, the resort operator said in a bourse filing.

Operating expenditures totalled 26.3 million levs last year, up from 25.0 million levs in 2018.

Golden Sands manages the public infrastructure of the Bulgarian Black Sea resort of the same name and provides hotel services.

(1 euro = 1.95583 levs)

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