January 31 (SeeNews) - Bulgarian textile company Mak [BUL:MAK] reported on Tuesday a non-consolidated net profit of 1.32 million levs ($732,956/674,905 euro) for 2022, down from 4.84 million levs in 2021.
Revenue fell to 33.1 million levs last year from 41.4 million levs in 2021, the company said in a financial statement.
According to the statement, total sales decreased by 19% on the year to 32.2 million levs in 2022. Of them, 68% were domestic sales, while 32% were exports.
At the same time, the company cut its operating expenses to 31.6 million levs from 36.1 million levs as costs for goods sold dropped to 8.5 million levs from 21.3 million levs.
Shares in Mak last traded at 31.20 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
Gabrovo-based Mak specialises in the production of police, firefighter and military uniforms. It has a portfolio of over 400 products, including healthcare garments.
(1 euro = 1.95583 levs)