Bulgaria’s Trace Group Hold turns to cons net loss in Jan-Sept

The company’s consolidated net sales revenue totaled 223.2 million levs in the first nine months of 2012, down from 256.7 million levs in the same period of 2011, Trace Group Hold said in a statement to the Sofia bourse.

Consolidated total expenditures fell to 235.2 million levs in the January-September period from 251.5 million levs in the same period last year.

Trace Group Hold expects its consolidated net sales revenue to reach 290.5 million levs at the end of the year, down 23.2% from 2011.

Shares in the company were traded 2.23% lower at 2.93 levs by 1400 GMT on the Bulgarian Stock Exchange.

(1 euro = 1.95583 Bulgarian levs)