February 27 (SeeNews) - Bulgarian coal-fired thermal power plant (TPP) Maritza 3 said on Monday its consolidated net profit fell to 6.6 million levs ($3.6 million/3.4 million euro) in 2016, from 17.4 million levs in 2015.
Total consolidated revenues fell to 17.1 million levs in 2016, which compares to 31.1 million levs the year before, the plant said in an annual financial report.
The plant's total expenses stood at 10.4 million levs in the review period, down from 11.7 million levs in 2015.
TPP Maritsa 3, located in the town of Dimitrovgrad, in southeastern Bulgaria, is 49%-owned by London-registered Topgroup. Sofia-registered Draft, a wholly-owned subsidiary of Liechtenstein-based Draft Aktiengesellschaft, holds a 46% stake in the plant.
(1 euro=1.95583 levs)