June 1 (SeeNews) - Bulgarian express delivery company Speedy [BUL:0SP] said that its consolidated net profit increased to 4 million levs ($2.2 million/2bul million euro) in the first quarter of the year from 3.7 million levs in the same period of 2019.
The company's revenue grew to 59.4 million levs in the January-March period from 52.2 million levs in the comparable period of last year, Speedy said in an interim financial statement on Friday.
Speedy's domestic market sales rose 11.1% to 30.8 million levs, while revenue on foreign markets added 17.2% year-on-year to 26.2 million levs.
The company completed 10.7 million deliveries in the review period, up 20.8% year-on-year.
Speedy's operating expenses increased to 54.9 million levs from 48.1 million levs a year earlier, largely due to higher expenses for hired services and personnel costs.
As at 13:30 CET on Monday, Speedy shares traded at 53 levs, unchanged from their previous closing price on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)