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Solarpro Holding turns to consolidated net profit

Published

September 29, 2015

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Published:

September 29, 2015

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Bulgarian provider of products and services for the solar industry Solarpro Holding reported a consolidated net profit of BGN 831,000 (EUR 425,000) in the first three months of 2015, compared to a net loss of EUR 660,000 million a year earlier, SeeNews said.

The company’s sales revenues more than halved to EUR 840,000 in the first quarter, compared to EUR 1.84 million from the same period of last year, it said in a financial report filed with the Bulgarian Stock Exchange. Expenditures shrank to EUR 970,000 in the period under review, from EUR 2.86 million in the corresponding three months of 2014.

Bulgarian industrial and financial group Alfa Finance Holding holds a 45.5% stake in Solarpro Holding, which also operates in Romania and Macedonia.

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