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Bulgaria's HypoCredit Q1 non-cons net loss widens

Author Martin Raynov
Bulgaria's HypoCredit Q1 non-cons net loss widens

SOFIA (Bulgaria), April 29 (SeeNews) - Bulgarian mortgage lending and project financing services company HypoCredit [BUL:9RTE] said its net loss widened to 156,000 levs ($87,600/79,800 euro) in the first quarter of 2015 from 147,000 levs in the like period a year earlier.

First-quarter operating loss edged up to 156,000 levs from 147,000 levs in the year-ago period, the company said in a bourse filing. Pre-tax loss stood at 156,000 levs, as compared to 147,000 levs in the first quarter of 2014.

The company's total revenue amounted to 331,000 levs in the first three months of the year, slightly down from 359,000 levs in the first quarter of 2014.

Its total assets declined to 30.566 million levs at the end of March from 30.748 million levs a year earlier.

  Q1 2015 (in levs) Y/Y Change (%) Q1 2014 (in levs)
Net loss 156,000 6.12% 147,000
Pre-tax loss 156,000 6.12% 147,000
Operating loss 156,000 6.12% 147,000
Total revenue 331,000 -7.8% 359,000
Total assets 30,566,000 -0.59% 30,748,000
Cash and cash equivalents 345,000 8.49% 318,000
Share capital 7,000,000 0.0% 7,000,000
Total liabilities 22,849,000 -0.11% 22,875,000

(1 euro = 1.9559 Bulgarian levs)

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