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Companies in the timber industry / Daily News / Global Trends / Market Analysis / Wood Products / Wood-based panels / Europe / Global
June 21, 2019

Kronospan reports heavy losses in Bulgaria

Kronospan reports heavy losses 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 to 22.6 million ...

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