January 4 (SeeNews) - Bulgarian diversified group Bulgartabac Holding [BUL:BTH] said that its consolidated net profit, excluding minority interest, fell to 5.9 million levs ($3.4 million/3 million euro) in 2020 from some 21.7 million levs in 2019.
The group's profit after taxes, including interest attributable to other shareholders in Bulgartabac's units, plummeted to just 382,000 levs in 2020 from 24.3 million levs in 2019, Bulgartabac said in an annual financial statement published last week.
Bulgartabac's consolidated revenue decreased to 160.8 million levs in 2020 from 423.4 million levs the year before, while expenses dropped to 159.7 million levs from 398.6 million levs.
Shares in Bulgartabac Holding last closed on the Bulgarian Stock Exchange at a price of 9.70 levs, bourse data showed.
In 2017, the group sold its biggest cigarette brands for more than 100 million euro ($113.3 million) to British American Tobacco (BAT).
(1 euro = 1.95583 levs)