Bulgaria's Port Flot-Burgas more than doubles Q1 net profit

The company's total revenue went up to 3.26 million levs in January-March from 2.13 million levs a year earlier, Port Flot-Burgas said in an interim financial statement. Sales of services generated 2.86 million levs, compared to 1.67 million levs in the prior-year period.

At the same time, operating expenses widened to 2.73 million levs in the three months through March from some 1.9 million levs in the same period last year, mostly due to higher costs for hired services and other economic expenses.

The company's assets stood at 49.34 million levs at the end of March, up from some 48.71 million levs at the end of 2023.

Shares in Port Flot-Burgas last traded on April 10 when they closed at 7.50 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)