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Bulgaria's Holding Varna Q1 non-cons net loss widens sharply

Author Martin Raynov
Bulgaria's Holding Varna Q1 non-cons net loss widens sharply

SOFIA (Bulgaria), May 5 (SeeNews) - Bulgarian diversified conglomerate Holding Varna [BUL:5V2] said its first-quarter non-consolidated net loss increased to 2.363 million levs ($1.355 million/1.208 million euro) from 752,000 levs in the like period a year earlier.

First-quarter non-consolidated operating loss too stood at 2.363 million levs, up from 752,000 levs in the year-ago period, the company said in a bourse filing.

Total revenues edged down to 746,000 levs from 828,000 levs in the first quarter of 2014.

Holding Varna's total assets stood at 208.851 million levs at the end of March, down from 211.176 million levs a year earlier.

Its share capital remained unchanged at 5.236 million levs.

  Q1 2015 (in mln levs) Y/Y Change (%) Q1 2014 (in mln levs)
Net loss 2.363 214% 0.752
Pre-tax loss 2.363 214% 0.752
Operating loss 2.363 214% 0.752
Total revenue 0.746 -9.9% 0.828
Total assets 208.851 -1.1% 211.176
Cash and cash equivalents 4.647 -33% 6.955
Share capital 5.236 0.0% 5.236
Total liabilities 60.643 0.06% 60.605

(1 euro = 1.9558 Bulgarian levs)

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