Bulgaria's Speedy grows 9-mo non-cons net profit on revenue rise

Bulgaria's Speedy grows 9-mo non-cons net profit on revenue rise

Bulgarian express delivery company Speedy said on Wednesday that its non-consolidated net profit rose to 11.2 million levs ($6.4 million/5.7 million euro) in the first nine months of the year from 10.9 million levs in the same period of 2018.Speedy's revenue grew to 106.4 million levs in the January-June period of 2019 from 91.9 million levs in the comparable period of 2018, the company said in an interim financial statement.Domestic market sales revenue rose by an annual 13.6% to 85.7 million levs, while sales revenue abroad jumped 32% to 15.9 million levs.Speedy made 20.3 million deliveries in January-September, up by an annual 30.7%.The company's expenses increased to 94.0 million levs in the review period from 79.8 million levs the year before, mostly due to higher expenses for hired services and amortisation costs.

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