Bulgaria's TPP Bobov Dol H1 Cons Net Profit Declines

Bulgaria's TPP Bobov Dol H1 Cons Net Profit Declines

Bulgarian thermal power plant (TPP) Bobov Dol [BUL:TC8A] said on Wednesday that its consolidated net profit shrank to 3.3 million levs ($2 million/1.7 million euro) in the first half of 2018 from 4.7 million levs in the like period of 2017.The TPP's operating revenue fell to 53.7 million levs in January-June from 61.5 million levs in the prior-year period, TPP Bobov Dol said in an interim financial statement.The plant's operating expenses edged down to 50.5 million levs in the review period from 56.8 million levs a year earlier.Bobov Dol, established in 2000, is a coal-fired power plant located in the Kyustendil region, in southwestern Bulgaria, with an installed capacity of 630 megawatts. In 2008, the government sold Bobov Dol TPP to local consortium Energy MK, which remains its sole owner.(1 euro = 1.95583 levs)

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