Bulgaria’s ImPulse I swings to 9-mo net profit

ImPulse I booked a pretax profit of some 1 million levs in January-September, the company said in a bourse filing on Monday.

At the end of September, the investor's assets totalled 7.39 million levs, including some 6.99 million levs in financial assets and 477,000 levs in cash.

In comparison, the firm posted a net loss from fair value changes of 518,000 levs and a pretax loss of 530,000 levs in the first nine months of 2022, according to previously disclosed information. As of September 30, 2022, the company’s assets stood at 6.24 million levs.

The value of ImPulse I's investments in companies traded on the Bulgarian Stock Exchange amounted to 1.27 million levs at the end of the first nine months of 2023.

As of end-September, ImPulse I’s positions in its ImVenture I and ImVenture II funds were valued at 374,000 levs and 5.26 million levs, respectively. In October, ImVenture II invested 100,000 euro ($109,511) in Germany-based financial services platform Tapline UG as part of a 2 million euro funding round.

Shares in ImPulse I last traded on Monday when they closed at 1.26 levs on the BEAM growth market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)