Gradus reported consolidated earnings results for the first quarter of 2020. For the quarter, the company's consolidated net profit rose to BGN 17.1 million ($9.7 million/€8.7 million) in the first quarter of 2020 from BGN 13.7 million in the same period of 2019, largely due to a decrease in expenses. The company's revenue remained flattish year-on-year at BGN 51.1 million in the first quarter, as higher sales in Bulgaria and the rest of Europe were offset by a drop in sales in third countries.