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Bulgaria's Yuri Gagarin turns to 9-mo non-cons net loss, revenue falls

Bulgaria's Yuri Gagarin turns to 9-mo non-cons net loss, revenue falls Photo: Yuri Gagarin / All rights reserved.

SOFIA (Bulgaria), October 30 (SeeNews) - Bulgarian cigarette filters maker Yuri Gagarin [BUL:4PX] said on Wednesday that it turned to a non-consolidated net loss of 1.05 million levs ($596,600 million/536,900 million euro) in the January-September period from a 2.3 million levs net profit in the same period of 2018.

The company's individual revenue decreased to 60.9 million levs in the first nine months of the year from 76.5 million levs in the comparable period of last year, Yuri Gagarin's interim financial statement showed.

Operating expenses amounted to 60.8 million levs in the review period, down from 73.3 million levs the year before.

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)

 

 

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