Fazerles Ad Reports Earnings Results for the First Quarter Ended March 31, 2021
April 29, 2021 at 09:11 am
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Fazerles AD announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced total revenue was BGN 3.152 million compared to BGN 2.441 million a year ago. Operating income was BGN 232,000 compared to operating loss of BGN 38,000 a year ago. Net income was BGN 230,000 compared to net loss of BGN 83,000 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%.