Bulgarian Arms Trader Kintex Net Profit Edges Down in Q1

Bulgarian Arms Trader Kintex Net Profit Edges Down in Q1

Bulgarian state-owned arms trader Kintex said its net profit slightly fell to 8.6 million levs ($5.3 million/4.4 million euro) in the first quarter, from 9.3 million levs in the corresponding period of last year.The company's operating revenue, which is generated chiefly from exports, fell to 66.1 million levs in the period January-March, from 90.4 million levs in the same quarter last year,  Kintex said in an interim financial report.Total operating expenses fell to 54.5 million levs, from 79.3 million levs in the first quarter of 2018.In 2017, Kintex net profit soared to 16.5 million levs from 1.15 million in the previous year, as its revenues increased fourfold.

Previous Next
Close
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.