Bulgaria's Gradus lifts 9-mo cons net profit, revenue

Gradus' operating revenue rose to 137.2 million levs in the January-September period of 2019 from 112.8 million levs in the same period of last year, the company said in an interim financial statement.

Operating expenses increased to 114.6 million levs from 94.6 million levs the year before, as cost of goods sold nearly doubled to 22.7 million levs from 13.4 million levs.

Expenses for materials also saw a notable increase - to 62.2 million levs from 56.4 million levs a year earlier.

Gradus controls six units - Gradus-1, Gradus-3, Gradus-98, Lora-2004, Millennium 2000, and Zhyuliv.

As at 8:30 CET on Friday, Gradus shares traded 0.30% higher at 1.685 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)