Sharp decline in revenues for Kronospan in Bulgaria

Sharp decline in revenues for Kronospan in Bulgaria
    Kronospan Bulgaria, a wholly-owned subsidiary of Cyprus-based Konikato Holdings, said that its net loss nearly tripled to 12.9 million levs ($7.4 million/6.6 million euro) in 2018 from 4.7 million levs in 2017.    Kronospan Bulgaria's sales revenue fell by an annual 3.4% to 178.2 million levs in 2018, the company said in an annual financial statement.    Expenses for materials increased to 138.7 million levs last year from 130.2 million levs the year before, while amortisation costs rose ...

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