Golden Sands PLC reported 40.66% decline in annual consolidated revenue from travel services to 24.7 million in 2009, shows the company's report, published by BSE-Sofia.

The decline is a consequence of the global economic crisis, state of the company.

And expected decline in companies serving the infrastructure of the resort and Golden Sands controlled by PLC.

The reason will be due to the lower speed of the other owners of hotels, holiday apartments and restaurants, respectively, reduced consumption of utility services and to fulfill obligations to pay for the used electricity and water.

For 2009, Golden Sands AD 280 thousand BGN reported consolidated loss to a profit of 8.6 million for 2008

For the past 12 months shares of Golden Sands AD Increase 49.93% to 3,3 EUR per share and 21,4 million market capitalization.