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Bulgaria's Petrol pares 9-mo cons net loss as revenue rises

Author Vasil Kolchev
Bulgaria's Petrol pares 9-mo cons net loss as revenue rises Photo: Transporta.bg

(None), November 30 (SeeNews) - Bulgarian fuel retailer Petrol [BUL:PET] said that its consolidated net loss narrowed to 15,000 levs ($8,650/7,670 euro) in the first nine months of 2021, compared with a net loss of 4.8 million levs in the same period of last year.

Petrol's total revenue went up to 372.9 million levs in the nine months through September from 299.3 million levs in the comparable period of 2020, the company said in an interim financial statement on Monday.

The company's total expenses increased to 372.9 million levs in the period under review from 304.6 million levs a year earlier, mostly due to the higher cost of goods sold, the financial statement showed.

Petrol's assets amounted to 159.4 million levs at the end of September, up from 149.7 million levs a year earlier.

Petrol operates over 300 filling stations in Bulgaria.

As at 10:30 CET on Tuesday, shares in Petrol traded flat at 0.25 levs on the stock exchange in Sofia.

(1 euro = 1.95583 levs)

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