Holding Varna reported consolidated earnings results for the first quarter ended March 2016. The company's first quarter net loss after minority interests narrowed by 18.2% to BGL 3.1 million ($2.4 million /EUR 2.12 million). The group's operating soared to BGL 1.25 million in January-March from BGL 452,000 in the same period last year. Consolidated sales revenues rose by an annual 21.6% to BGL 10.8 million.