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SOFIA (Bulgaria), May 11 (SeeNws) – Sofia Airport has swung to a net loss of 13.8 million levs ($7.67 million/7.05 million euro) in 2016 from a net profit of 5.6 million levs in 2015, the company said.
Sofia Airport suffered ‘impairment of receivables’ from insolvent Corpbank in the amount of 25.5 million levs last year, the company said in its 2016 annual financial statement without elaborating.
In 2016, Sofia Airport turned to an operating loss of 15.4 million levs, from an operating profit of 4.4 million levs in the previous year.
Corpbank, Bulgaria’s fourth largest lender, was hit by a run on depo…
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