April 30 (SeeNews) - Bulgarian thermal power plant (TPP) Maritsa 3 said that its non-consolidated net profit fell to 898,000 levs ($515,000/459,000 euro) in the first quarter of 2019 from 1.64 million levs in the comparable period of last year.
The plant's revenue grew sharply to 5 million levs in the first three months of the year from 2.8 million levs in the same period of 2018, TPP Maritsa 3 said in an interim financial statement last week.
TPP Maritsa 3's total expenses increased to 4.2 million levs in the review period from 1.2 million levs a year earlier.
The plant has one functioning 120 MW unit.
TPP Maritsa 3 is located in the town of Dimitrovgrad, in southern Bulgaria. Its largest shareholder is local Topgroup with a 49% stake, followed by Draft with 46% interest.
(1 euro=1.95583 levs)