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Bulgaria's Yuri Gagarin swings to 9-mo cons net loss

Bulgaria's Yuri Gagarin swings to 9-mo cons net loss Photo: Yuri Gagarin / All rights reserved.

SOFIA (Bulgaria), November 29 (SeeNews) - Bulgarian cigarette filters manufacturer Yuri Gagarin [BUL:4PX] said on Friday that it turned to a consolidated net loss of 760,000 levs ($427,000/388,600 euro) in the first nine months, from a 3.6 million levs net profit in the same period of 2018.

The company's consolidated revenue decreased to 77.3 million levs in January-September from 95.2 million levs in the comparable period of last year, Yuri Gagarin said in an interim financial statement.

Operating expenses amounted to 78.0 million levs in the review period, down from  91.6 million levs the year before.

The company's assets rose to 142.3 million levs at the end of September from 125.7 million levs a year earlier.

The company consolidates the results of two wholly-owned units - Sofia Print Investment and U. G. Technics. 

Yuri Gagarin manufactures multi-colour printed packaging and labels of cardboard and paper for the cigarettes, food, cosmetic and other industries.

(1 euro = 1.95583 levs)