Eurohold Bulgaria's H1 Cons After-tax Profit Grows 3.9% on Drop in Expenses

Eurohold Bulgaria's H1 Cons After-tax Profit Grows 3.9% on Drop in Expenses

Financial and insurance group Eurohold Bulgaria's said on Thursday its first-half consolidated profit after taxes, which includes profit attributable to minority shareholders in the group's subsidiaries, rose 3.9% on the year to 4.1 million levs ($2.4 million/2.1 million euro) supported by a drop in expenses. Eurohold Bulgaria's consolidated net profit, excluding non-controlling interest, edged down to 1.9 million levs in the first six months of the year from 2.0 million levs in the corresponding period of 2017, according to the group's interim financial statement filed with the Bulgarian Stock Exchange. The group's total consolidated operating expenses declined to 603.3 million levs in the review period from 643.4 million levs the year before, while its total consolidated operating revenue fell to 607.4 million levs from 647.5 million levs in the corresponding period of last year.

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