November 25 (SeeNews) - Bulgarian gas transmission network operator Bulgartransgaz said its net profit surged to 263.1 million levs ($139.5 million/134.5 million euro) in the first nine months of 2022 from 79.2 million levs in the same period of 2021.
Total revenue soared to 830.5 million levs in the nine months through September from 368.8 million levs a year earlier, the company said in a financial statement published on the website of parent group Bulgarian Energy Holding (BEH).
In the review period, Bulgartransgaz generated operating income of 599.7 million levs on foreign markets and 222.4 million levs on the domestic market. This compares with operating income of 240.7 million levs and 121.5 million levs in the respective market segments a year earlier.
Earlier in November, Bulgartransgaz called a tender for the provision of some 49 million euro ($50.8 million) in bank financing to cover investment costs of the construction of the Bulgarian section of a gas link to Serbia.
In September, the European Bank for Reconstruction and Development (EBRD) said it will provide two loans worth an aggregate 275.4 million euro to Bulgartransgaz and public gas supplier Bulgargaz to guarantee Bulgaria’s continuity of supply in the context of discontinued deliveries from Russia's Gazprom.
(1 euro = 1.95583 levs)