January 29 (SeeNews) - Bulgarian express delivery company Speedy [BUL:0SP] said on Wednesday that its net profit grew by an annual 52.8% to 18.6 million levs ($10.5 million/9.5 million euro), backed by higher revenue.
Speedy lifted its revenue to 150.3 million levs last year from 126.9 million levs in 2018, it said in an annual financial statement.
The company's revenue from domestic deliveries added 15.6% to 120.4 million levs, while revenue from deliveries abroad jumped 33% to 22.6 million levs. Speedy completed 28.88 million deliveries, up by an annual 29.5%.
Speedy's operating expenses rose to 129.7 million levs from 113.5 million levs in 2018, mostly due to a 10.1 million levs rise in expenses for hired services and a 3.4 million levs increase in expenses for salaries.
Speedy shares traded at 50 levs on the Bulgarian Stock Exchange as at 14:25 CET on Wednesday, and are up 0.81% year-to-date.
(1 euro = 1.95583 levs)