April 26 (SeeNews) - Bulgarian ship towage company Port Fleet 99 [BUL:PF99] said its net profit went down to some 557,000 levs ($305,294/284,789 euro) in the first three months of 2024 from 651,000 levs in the like period of last year.
Total operating revenue fell to some 2.5 million levs in January-March from 2.64 million levs a year earlier, Port Fleet 99 said in an interim financial statement on Wednesday.
In parallel, the company's expenses narrowed to 1.94 million levs in the first quarter of this year from 1.99 million levs in the comparable period of 2023, chiefly due to lower costs for hired services and materials.
Port Fleet 99 is active in harbour towage and manoeuvring of ships, sea towage and cargo handling services.
Shares in Port Fleet 99 last traded on April 12 when they closed at 7.30 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)