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Nov 28, 2017 11:01 EEST
November 28 (SeeNews) - Bulgarian construction company Trace Group Hold [BUL:T57] said its consolidated net loss has narrowed to 1.3 million levs ($791,000/664,606 million euro) in the first nine months of 2017, from 6.3 million levs in the like period of 2016.
Total revenue rose to 188 million levs in the January-September period, compared to 165.1 million levs the year before, Trace Group Hold said in a bourse filing late on Monday.
"The works on some of the projects have started in the last quarter, which is expected to have a positive impact on the financial results of the company in 2017," Trace Group Hold added.
Total costs increased to 188.5 million levs in the period under review, compared to 172.1 million levs a year earlier.
Trace Group Hold's activities include rehabilitation, reconstruction and construction of roads, highways, airports, underground stations and underground railways, ground railroads and facilities, urban infrastructure and road marking.
(1 euro = 1.95583 levs)
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