Bulgaria’s Solarpro Holding turns to cons net profit in Q1

SOFIA (Bulgaria), September 29 (SeeNews) – Bulgarian provider of products and services for the solar industry Solarpro Holding [BUL:0S8] said it turned to a consolidated net profit of 831,000 levs ($479,200 /425,000 euro) in the first three months of the year from a net loss of 1.3 million levs a year earlier.

The company's sales revenues more than halved to 1.65 million levs in the first quarter of the year from 3.6 million levs in the same quarter last year, it said in a financial report filed with the Bulgarian stock exchange.

Expenditures shrank to 1.9 million levs in the period under review from 5.6 levs in the same period last year.

Bulgarian industrial and financial group Alfa Finance Holding [BUL:X26A] holds a 45.5% stake in Solarpro Holding.

Solarpro also operates in Romania and Macedonia.

(1 euro=1.95583 Bulgarian levs)

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