October 23 (SeeNews) - Bulgarian fuel and building materials retailer Toplivo [BUL:3TV] said on Wednesday that it has closed its branch in the city of Stara Zagora.
All documents concerning the closing of Toplivo's Stara Zagora branch have been entered into the commercial register, Toplivo said in a bourse filing.
Earlier this year, Toplivo closed its branch in Blagoevgrad, 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)