May 16 (SeeNews) - Bulgarian cellulose producer Svilosa [BUL:3MZ] said on Wednesday that its consolidated net profit rose to 7.5 million levs ($4.5 million/3.8 million euro) in the first quarter of the year from 4.5 million levs in the same period of 2017.
The company's total operating revenue grew to 36.9 million levs in January-March, compared to 31.6 million levs in the like period of 2017, Svilosa said in an interim financial statement.
Svilosa's total operating expenses increased to 29.5 million levs in the first three months of the year from 27.1 million levs in the corresponding period of last year, as expenses for materials rose to 18.8 million levs from 17.3 million levs.
Svilosa produces bleached kraft pulp and related items.
(1 euro = 1.95583 levs)