Eurohold Bulgaria pares Q1 non-cons net loss

Eurohold's overall expenses narrowed to some 6.2 million levs in January-March from 7.9 million levs a year earlier, the company said in an interim financial statement last week. The decline was mostly due to lower interest expenses, which went down to some 4.96 million levs from 6.34 million levs.

The company's operating revenue rose to 455,000 levs in the review period from 337,000 levs in the first three months of 2023 on the back of other financial income.

The diversified group, which operates in 12 European countries, has four subsidiaries and two divisions that were set up to manage and develop its energy business.

Last month, Eurohold said it will ask its shareholders to endorse the issue of warrants that will allow holders to take part in future capital increases.

Shares in Eurohold last traded on May 2 when they closed at 1.35 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)