Fazerles AD Reports Earnings Results for the Full Year Ended December 31, 2020
January 29, 2021 at 06:16 am
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Fazerles AD announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was BGN 12.825 million compared to BGN 16.626 million a year ago. Operating income was BGN 98,000 compared to operating loss of BGN 94,000 a year ago. Net income was BGN 40,000 compared to net loss of BGN 81,000 a year ago.
Fazerles AD is a Bulgaria-based company engaged in wooden products industry. Through its two production lines for hardboard, the Company manufactures hardboard panels with different thickness; hardboard panels for doors, furniture and decoration; wooden transportation pallets for food, technical equipment and medical supplies, and box-pallets. Fazerles AD distributes its products domestically and abroad in Europe, Asia and Africa. As of December 31, 2011, the Companyâs major shareholder was Fazerinvest AD with a stake of 58.59%.