Software development company Bianor has opened the reports season with a loss for the last quarter of 2011 amounting to BGN 41,000, the company’s report published on the BSE website shows. A year earlier the company registered a profit of BGN 26,000. In the end of the first quarter of 2011 an agreement for a revolving loan was concluded between UniCredit Bulbank and Bianor Services. According to its conditions, the subsidiary company could take advantage of an up to EUR 400,000 revolving loan distributed in two tranches for circulating capital needs (including salaries). Bianor Holding’s debts to bank and non-bank financial institutions decreased BGN 245,000 on an annual basis to a total of BGN 1.34 million by end-December 2011.
Source: investor.bg (20.01.2012)