August 29 (SeeNews) - Financial and industrial group Eurohold Bulgaria on Friday said its first-half consolidated net profit surged almost seven times on the year to 41.3 million levs ($31.1 million/21.1 million euro) as sales jumped by 80%.
Following are figures from Eurohold Bulgaria’s preliminary consolidated income statement filed with the Bulgarian Stock Exchange's information service X3 News (in million levs):
|
H1'08 |
H1'07 |
NET PROFIT |
41.307 |
6.211 |
PRE-TAX PROFIT |
45.200 |
6.468 |
SALES REVENUE |
152.584 |
85.149 |
TOTAL REVENUE |
208.918 |
91.360 |
TOTAL COSTS |
163.718 |
84.892 |
Company officials were not immediately available to comment.
The holding company reported a 13.9-fold increase in preliminary consolidated net profit to 82.6 million levs for 2007, with a total of 57.7 million levs of the profit coming from a transfer of shares in Eurohold Bulgaria's insurance companies Euroins and Sveti Nikolay Chudotvorets to the holding company's subsidiary Euroins Insurance Group (EIG).
Eurohold has said it expects a consolidated net profit of 33 million levs for 2008 and sees it growing to up to 68 million levs in 2010. Consolidated revenue is seen at 372 million levs this year, at 418 million levs next year and at 627 million levs in 2010.
The group's businesses include financial services, car dealing, manufacturing and high technology.
Shares in the holding company, part of the broad BG 40 index of the Bulgarian Stock Exchange, rose 1.8% to 4.92 levs in a volume of 11,539 shares on Friday. The financial statement was released after the close of bourse trading.
(1 euro = 1.95583 Bulgarian levs)