Audit left IHB's consolidated revenue little changed (BGN 116.4m, up 4.7% YoY) but increased total operating costs by 0.2% to BGN 90.1m. The latter changed EBITDA down by BGN 0.3m to BGN 26.3m (down 16.8% YoY) and consolidated net profit by the same amount to BGN 7.7m (down 41.8% YoY).
Some minor changes in balance sheet line items led to restated non-cash working capital of BGN 9.2m, up by BGN 0.8m on preliminary figure, and restated IB debt to assets, up by 0.2pp from preliminary number, to 12.1%.
Still, the continuing reduction in leverage (down 2.7pp YoY in IB-to-assets terms) and improvement in cash flow from operations was confirmed by audit. 2019 CFO stood at BGN 30.4m, compared to BGN 25.8m in 2018.