You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bulgaria's Porsche Inter Auto BG lifts net profit, revenue

Author Mario Tanev
Bulgaria's Porsche Inter Auto BG lifts net profit, revenue License: Creative Commons CC0

SOFIA (Bulgaria), June 17 (SeeNews) - Bulgaria's Porsche Inter Auto BG, part of German automotive group Volkswagen, said that its net profit rose to 3.9 million levs ($2.2 million/2.0 million euro) in 2018 from 3.3 million levs in 2017.

Porsche BG's revenue grew to 212.4 million levs last year from 187.6 million levs in 2017, the company said in an annual financial statement.

Revenue from vehicle sales rose to 204.3 million levs from 179.9 million levs, while revenue from services edged up to 8.1 million levs from 7.7 million levs.

Cost of goods sold increased to 192.0 million levs in 2018 from 168.6 million levs the year before.

Porsche BG is an official retailer of Volkswagen and Audi vehicles in Bulgaria.

(1 euro = 1.95583 levs)

Compare