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Imperial Tobacco Distribution Bulgaria cuts 2018 net profit, lifts revenue

Author Mario Tanev
Imperial Tobacco Distribution Bulgaria cuts 2018 net profit, lifts revenue wrangler/Shutterstock.com

SOFIA (Bulgaria), June 13 (SeeNews) - Tobacco products distributor Imperial Tobacco Distribution Bulgaria said that its net profit edged down to 1.3 million levs ($750,000/665,000 euro) in 2018 from 1.6 million levs the year before.

Imperial Tobacco Distribution Bulgaria's sales revenue grew to 226.1 million levs last year from 193.6 million levs in 2017, the distributor said in an annual financial statement.

In terms of volume, the company's sales rose by an annual 16% in 2018.

Cost of goods sold increased to 222.8 million levs in 2018 from 189.8 million levs in 2017.

The company's assets fell to 10.6 million levs at the end of last year from 11.4 million levs at the end of 2017, following a decrease in receivables from clients.

At the end of 2018 the company employed 35 people, one less than a year earlier.

(1 euro = 1.95583 levs)

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