November 28 (SeeNews) - Bulgarian diversified group Synergon Holding [BUL:6S7] said on Wednesday that its consolidated net loss, excluding loss attributable to minority shareholders in the group's units, widened to 4.1 million levs (2.4 million/2.1 million euro) in the first nine months of the year from 2.9 million levs in the same period of 2017.
Including minority interest, the group posted a net loss of 4.9 million levs in the review period, up from 3.6 million levs in the comparable period of last year, Synergon Holding said in an interim financial statement.
The company's total operating expenses grew to 251 million levs in the nine months through September from 209.9 million levs the year before, as cost of goods sold increased to 190.2 million levs from 158.3 million levs.
Operating revenue rose to 246 million levs in the period under review from 206.2 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.
(1 euro=1.95583 levs)