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Bulgaria's Port Flot-Burgas grows net profit in 2021 on higher revenue

Author Vasil Kolchev
Bulgaria's Port Flot-Burgas grows net profit in 2021 on higher revenue Photo: Port Flot-Burgas / All rights reserved.

SOFIA (Bulgaria), January 28 (SeeNews) - Bulgarian port towage services company Port Flot-Burgas [BUL:PFB] said on Friday that its non-consolidated net profit rose to 1.7 million levs ($956,900/855,900 euro) in 2021 from 1.2 million levs in the previous year.

Port Flot-Burgas' revenue increased to 7.5 million levs last year, compared with 7.1 million levs in 2020, the company said in an interim financial statement.

At the end of 2021, the port towage company posted a net revenue from sales of 6.3 million levs, up from 5.9 million levs at the end of the previous year.

The company's expenses were little changed on an annual comparison basis at 5.8 million levs in the period under review.

Port Flot-Burgas' assets totalled 46 million levs at the end of 2021, slightly up compared with 44.7 million levs a year earlier.

On Friday, shares in Port Flot-Burgas closed 22.22% higher at 5.50 levs on the Sofia bourse.

(1 euro = 1.95583 levs)

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