May 25 (SeeNews) - Bulgarian express delivery company Speedy [BUL:SPDY] said on Friday that its consolidated net profit rose to 8.22 million levs ($4.53 million/4.20 million euro) in the first quarter of 2023 from 8.03 million in the same period of the last year.
Revenue in the period under review went up by 21% year-on-year to 105.7 million levs, Speedy said in an interim financial statement on Tuesday.
Domestic sales jumped by 28.8% on the year, reaching 57.1 million levs, while sales on foreign markets grew by 14% to 46.9 million levs.
Excluding Speedy Balkan, the firm's international deliveries declined due to falling consumption in the rest of Europe and the war in Ukraine. The decrease was offset by the recovery of its Romanian operations, the company said.
Speedy reported operating expenses of 96.3 million levs in January-March, up from 78.2 million levs a year earlier. The increase was chiefly due to higher costs for external services, which added an annual 24% to 57.8 million levs.
Shares in Speedy last traded on Tuesday when they closed at 105.00 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)