March 5 (SeeNews) - Bulgarian thermal power plant (TPP) Maritsa 3 [BUL:MR3] said its consolidated net loss narrowed to roughly 17 million levs ($9.4 million/8.7 million euro) in 2023 from some 69 million levs a year earlier.
The company's total revenue fell to 24.6 million levs last year from 33.5 million levs in 2022, TPP Maritsa 3 said in a financial statement last week. Of that, product sales contributed 21.1 million levs, more than doubling from 9.5 million levs the previous year.
The coal-fired power plant reduced its operating expenses to 41.6 million levs from 109.8 million levs the prior year, chiefly due to a drop in other expenses to 280,000 levs from 56.9 million levs. Costs for materials also declined, by 12% year-on-year to 24.5 million levs.
The plant, which has one functioning 120-MW unit, is located in the town of Dimitrovgrad in southern Bulgaria.
Shares in TPP Maritsa 3 last traded at 134.628 levs on the Bulgarian Stock Exchange's BaSE market, bourse data show.
(1 euro = 1.95583 levs)