Bulgarian fuel and construction materials retailer Toplivo plunged into a consolidated loss of 2.6 million leva for the first half of 2011 from a 322 000 leva profit in the same period of 2010. The company blamed the negative result on the more rapid increase in expenses, which widened by 15 per cent to 90.5 million leva, outpacing revenue growth of 11 per cent to 87.9 leva. The bulk of the revenue was sales of goods, which accounted for 85.9 million leva, while rental and services revenues generated the rest. However, the financial statement of the company, which is 73.42 per cent owned by local industrial group Synergon Holding, does not give a breakdown of fuel and building materials sales. Toplivo's construction materials segment has been hit by the property market slump over the past few years. Expenses on outsourced services and costs for materials have widened slightly, while salary and social security pay-outs have dropped, according to the financial report.
Source: Dnevnik (23.08.2011)

Bulgarian industrial group Synergon Holding said on Monday its consolidated net loss almost tripled to 3.9 million levs in the first half of 2011. The company’s total consolidated revenue rose 3.2% to 118 million levs in the January-June period, Synergon Holding said in a statement filed with the Bulgarian Stock exchange (BSE).
Source: money.bg (30.08.2011)

Bulgarian industrial group Synergon Holding said on Monday its consolidated net loss jumped to 3.42 million levs through September from 535,000 levs a year earlier. The company’s sales revenue rose to 195.3 million levs in the first nine months of 2011 from 185.9 million levs in the same period last year, Synergon Holding said in a statement filed to the Sofia bourse.
Source: Darik Radio (29.11.2011)