Bulgaria's Sofia Tech Park Turns to H1 Net Loss on Drop in Revenue

Bulgaria's Sofia Tech Park Turns to H1 Net Loss on Drop in Revenue

Bulgarian state-owned Sofia Tech Park turned to a net loss of 2.9 million levs ($1.7 million/1.5 million euro) in the first half of 2018 from a net profit of 1.0 million levs in the corresponding period of last year, the company's financial report shows.The company did not gain any funds from real estate deals during the first six months of the year, while it received 4.7 million levs from such operations in the same period of 2017, according to figures from its unaudited financial report.Sofia Tech Park benefited from 3.1 million levs of EU financing during the review period, down from 4.4 million levs a year earlier.Amortisation costs decreased to 5.3 million levs in the first half of the year from 5.6 million levs the year before.(1 euro = 1.95583 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.