Albena Jsc Posts A 7.324 Million Leva Loss in Q1

Albena Jsc Posts A 7.324 Million Leva Loss in Q1

Albena Jsc () saw its quarterly loss extend from 6.429 million (3.28 mln euros) to 7.324 mln leva (3.74 mln euros) in this year's Q1, the non-consolidated report filed with BSE revealed.

Revenues are down to 1.067 mln leva from 1.353 mln leva a year ago. Meanwhile, costs reached 8.082 mln leva (4.13 mln euros) versus 7.37 mln leva (3.7 mln euros) in the corresponding period last year.

In quarter one, the Board of Directors approved the lending of 210,800 swiss franks at the request of Hotel De Mask.

Main shareholders are Albena Holding, controlling 48.10% of the capital, Albena Invest Holding (20.58%) and Balchik Municipality (7.13%).

The company's registered capital consists of 4,273,126 shares with a par value of 1 lev. In January Albena Jsc bought back 128,000 shares at a price tag of 1.536 mln leva.

The last transaction on the position was at 87 leva apiece, which puts the company's market capitalization at nearly 372 mln leva (190 mln euros).

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