TBSG audit for 2023 increased net profit to BGN 9.4m (NEUTRAL)

30.04.2024 Source: TBSG; FFBH

The audit of Telelink Business Services Group’s consolidated report for 2023 brought positive changes to the bottom-line. Total revenue remained unchanged at BGN 185.7m (+19.5% YoY), while a number of corrections in the OPEX items resulted in a 2.4% higher EBITDA, which amounted to BGN 16.1m (+2.8% YoY). As a result, net profit for the year increased to BGN 9.4m (-13.6% YoY) vs. the BGN 9.1m preliminary result. There were no significant changes in the other prints apart from the P/L statement.