November 4 (SeeNews) - Bulgarian civil engineering company Trace Group Hold [BUL:T57] was awarded a 3 million levs ($1.51 million/1.53 million euro) street rehabilitation contract by Pavel Banya municipality, the company said on Friday.
The deal covers repair and reconstruction works on the streets and the fourth-class roads on the territory of the municipality in the next 24 months, Trace Group said in a stock exchange filing.
In October, a consortium led by Trace Group won a 169.7 million euro ($167.1 million) order for the reconstruction and modernisation of a railway section in Serbia.
Trace Group recorded a standalone net profit of 1.05 million levs in the first nine months of 2022, down from 5.5 million levs in the same period of last year, its latest financial statement showed.
As at 1508 CET on Friday, shares in Trace Group traded flat at 3.64 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)