May 25 (SeeNews) - Bulgaria's Synergon Holding [BUL:6S7] said on Thursday its after-tax loss widened to 3.8 million levs ($2.17 million/1.9 million euro) in the first three months of 2017, from 1.17 million levs in the corresponding period last year due to increased costs.
The company’s total revenue rose to 55.3 million levs in January-March, compared to 52.6 million levs a year earlier, Synergon said in a quarterly financial report filed with the Sofia bourse.
Total costs increased to 58.4 million levs in the period under review, from 52.7 million levs a year earlier.
Synergon Holding was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. The fund was transformed into a holding structure the following year. It has more than 25 subsidiaries and affiliated companies operating in various sectors of the Bulgarian economy.
Synergon Holding shares were last traded on Friday, when they closed 3.19% higher at 1.197 levs in a turnover of 3,862 units on the Bulgarian Stock Exchange.
(1 euro=1.95583 levs)