Bulgaria's TPP Bobov Dol 9-mo cons net profit surges 142% y/y

The company's total revenue more than doubled to 329.6 million levs in January-September from 151.5 million levs a year earlier, TPP Bobov Dol said in an interim financial statement last week.

The thermal electric plant's operating expenses also grew significantly in the reporting period, to some 325 million levs from 149.7 million levs a year ago. The increase was mostly due to the costs of raw materials going up to 125.2 million levs from 81.7 million levs.

TPP Bobov Dol, established in 2000, is a 630 MW coal-fired power plant located in Kyustendil, southwestern Bulgaria. The group has one subsidiary, rail freight company TBD Tovarni Prevozi, and owns a major stake in local energy trader Global Energy Distribution. In 2008, the government sold Bobov Dol TPP to local consortium Energy MK, which remains the plant's sole owner.

Shares in TPP Bobov Dol closed at 25.00 levs in its most recent trading session on the Bulgarian Stock Exchange on Friday, bourse data show.

(1 euro = 1.95583 levs)