Slantchev Briag AD announced consolidated earnings results for the first quarter ended March 2012. The consolidated net loss narrowed sharply to BGN 6,000 (USD 3,970/EUR 3,100) in the first quarter of 2012 from BGN 38,000 a year earlier. The company managed to pare its net loss due to a decrease in total costs by an annual 84.2% through March 2012.