November 18 (SeeNews) - Bulgarian fuel and building materials retailer Toplivo [BUL:3TV] said on Monday that it has closed its branch in the city of Burgas.
All documents concerning the closing of Toplivo's Burgas branch have been entered into the commercial register, Toplivo said in a bourse filing.
Earlier this year, Toplivo closed its branches in Blagoevgrad and Stara Zagora, while last year it closed its branches in Ruse, Varna and Pleven as part of its ongoing administrative restructuring.
In the first half of 2019, Toplivo narrowed its consolidated net loss to 2.5 million levs ($1.4 million/1.3 million euro) from 4.0 million levs in the same period of 2018, due to a decrease in expenses.
Toplivo is majority owned by local diversified group Synergon Holding [BUL:6S7].
(1 euro = 1.95583 levs)