EUROHOLD posted Q1 net loss of - EUR 2.6 million

24 May 2021 — Andrei Victor
Bulgarian financial holding EUROHOLD, the shareholder of EUROINS Insurance Group, reported Q1 2021 net income of BGN 0.85 million (~EUR 0.46 million). "For comparison, the income reported by EUROHOLD as of 31.03.2020 amounted to BGN 1.79 million", as the company mentioned in its Interim Report at 31 March 2021 published on its website.

At the "expenses chapter", EUROHOLD Bulgaria marked a slight increase in its operating expenses, which amounted to BGN 5.88 million for the reporting period vs. BGN 5.36 million.

At the same time, the Bulgarian holding reported a financial result on an individual basis a loss of BGN 4.99 million (~EUR 2.55 million). For comparison, the financial result realized for the comparable period of the previous year was a loss of BGN 3.45 million.

As of 31st of March 2021 the company's assets increased by BGN 3.7 million and reached to BGN 637.4 million compared to BGN 633.7 million as of the end of 2020.

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