May 25 (SeeNews) - Bulgarian thermal power plant (TPP) Bobov Dol [BUL:TBD] said on Thursday that its consolidated net profit edged down to 3.416 million levs ($1.88 million/1.75 million euro) in the three months through March from 3.421 million levs in the same period of last year.
The company's revenue soared to 162.7 million levs in the first quarter of 2023 from 45.1 million levs a year earlier, TPP Bobov Dol said in an interim financial statement.
At the same time, operating expenses jumped to 159.3 million levs in the review period from 41.7 million levs on the back of a nearly fourfold increase in costs for materials.
According to the financial statement, local consortium Energy MK, which bought the power plant in 2008, held a stake of 95.32% as of the end of March.
At the end of April, the power plant reported a standalone net profit of 2.45 million levs on revenue of 155.9 million levs for the first quarter of 2023.
TPP Bobov Dol, established in 2000, is located in the Kyustendil region, in southwestern Bulgaria, and has an installed capacity of 630 MW. Shares in the company last traded on May 11 when they closed at 20.40 levs on the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)