November 27 (SeeNews) - Bulgarian fuel retailer Petrol [BUL:5PET] said on Friday that its consolidated net loss increased to 4.8 million levs ($2.9 million/2.4 million euro) in the first nine months of 2020, compared to a 3.7 million levs loss in the same period of last year.
The fuel retailer booked a revenue of 299.3 million levs in January-September, down from 413.8 million levs in the comparable period of 2019, the company said in an interim financial statement.
Petrol's expenses decreased to 304.6 million levs in the review period, compared with 417.5 million levs the year before, predominantly due to lower cost of goods sold, the financial statement showed.
At the end of September, local company Alfa Capital was Petrol's biggest shareholder with a 28.85% stake. Yulinor and Perfeto Consulting followed with stakes of 23.11% and 16.43%, respectively.
Petrol consolidates the results of 12 subsidiaries in the country. The company operates over 300 filling stations in Bulgaria.
As at 13:10 CET on Friday, Petrol shares traded flat at 0.30 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)