Albena’s consolidated revenues in the first three months of 2008 almost doubled YoY and reached EUR 2.37m. Operating margins remained negative, but showed an improvement, as EBITDA came at negative EUR 0.4m, compared to negative 0.88m in Q1 of 2007. The company recorded a net consolidated loss of EUR 3.8, slightly higher than the EUR 3.5m in Q1 of 2007.