July 3 (SeeNews) - Bulgaria's Tobacco Trade, part of local Daphna Group, said that its net profit fell to 3.7 million levs ($2.1 million/1.9 million euro) in 2018 from 6.0 million levs in 2017, following a decrease in revenue.
Tobacco Trade's total revenue slid to 790.5 million levs last year from 835.6 million levs in 2017, the company said in an annual financial statement.
Expenses dropped to 786.3 million levs in 2018 from 828.8 million levs the year before.
Tobacco Trade's assets more than halved to 55.6 million levs at the end of 2018 from 119.2 million levs a year earlier, following a decrease in inventory.
(1 euro = 1.95583 levs)