August 19 (SeeNews) - Bulgarian thermal power plant (TPP) Bobov Dol [BUL:TC8A] said that it turned to a consolidated net loss of 13.0 million levs ($7.4 million/6.6 million euro) in the first half of 2019 from a net profit of 3.3 million levs in the same period of 2018.
The company's revenue edged up to 53.9 million levs in the January-June period of 2019 from 53.7 million levs in the comparable period of last year, TPP Bobov Dol said in an interim financial statement last week.
The power plant's operating expenses increased to 66.9 million levs in the first six months of the year from 50.5 million levs in the like period of 2018, as other operating expenses, which the company did not define, soared to 13.3 million levs in the review period from 2.9 million levs the year before.
Expenses for materials also increased, to 32.8 million levs in the first half of 2019 from 27.7 million levs in the same period of last year.
The power plant operator employed 1,185 people at the end of June.
TPP Bobov Dol, established in 2000, is a coal-fired power plant located in the Kyustendil region, in southwestern Bulgaria, with an installed capacity of 630 megawatts. In 2008, the government sold Bobov Dol TPP to Consortium Energy MK, which remains its sole owner.
(1 euro = 1.95583 levs)