Bulgaria’s Atomenergoremont net profit up 9 months, revenue up 40% yoy

SOFIA (Bulgaria), October 27 (SeeNews) – The Bulgarian power plant equipment maintenance company Atomenergoremont [BUL:ATOM] announced on Thursday that its net profit for the first nine months of 2022 rose to 12.2 million leva ($6.25 million) from 9.6 million leva a year earlier, as a result a 40.5% increase in sales.

The company’s total turnover rose to 47.6 million leva in January-September from 33.9 million leva in the same period of 2021, Atomenergoremont said in an interim report last week.

Revenue from the sale of services, which accounts for 99% of the total, increased to 41.7 million leva from 30.9 million leva in the first nine months of last year.

During the reporting period, the operating costs of Atomenergoremont increased from 23.85 million leva in January to September 2021 to 32.8 million leva.

The company’s assets amounted to 240.4 million leva at the end of September, compared to 230.8 million leva a year earlier.

Atomenergoremont’s main customer is Bulgaria‘s only nuclear power plant, the Kozloduy NPP.

In August, the equipment maintenance operator announced that local investment firm EF Asset Management had raised a total of 5.8522% of its share capital.

Atomenergoremont shares recently closed at 6.20 leva on the BaSE market of the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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