Bulgaria's ESO Nearly Halves 9-mo Net Profit on Drop in Revenue

Bulgaria's ESO Nearly Halves 9-mo Net Profit on Drop in Revenue

The net profit of Bulgarian state-owned Electricity System Operator (ESO) decreased to 25.1 million levs in the first nine months of 2018 from 43.4 million levs in the same period of last year, following a decline in revenue, the company's financial statement showed. The company's total operating revenue fell to 456.1 million levs in the January-September period of 2018, compared to 508.3 million levs in the corresponding period of last year, according to figures from ESO's interim financial statement.ESO's sales revenue decreased to 423.8 million levs in the review period from 453.2 million levs a year earlier, while other operating dropped to 32.3 million levs from 55.1 million levs the year before. The power system operator's expenses for electricity on the balancing market fell significantly to 70.1 million levs in the period under review from 126.0 million levs in the same period of 2017, while its technological electricity transmission costs rose to 76.6 million levs from 62.3 million levs.

Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.