December 2 (SeeNews) - Financial services company Asterion Bulgaria [BUL:8AVA] said that its consolidated net profit rose to 16.4 million levs ($8.83 million/8.39 million euro) in the first nine months of 2022 from 6.2 million levs in the same period of 2021.
Asterion’s revenue jumped to 68.5 million levs in the nine months through September from 10.2 million levs a year earlier.
At the same time, operating expenses surged to 37.6 million levs from 75,000 levs, driven by costs of goods sold, amortisation charges, remuneration expenses and costs of external services.
Asterion’s consolidated assets amounted to 162.3 million levs at the end of September, up from 57.3 million levs at the end of 2021. The solid rise was due to the acquisition of 99.99% of automotive holding company Avto Union [BUL:8AVB] and the purchase of 90.01% of Eurolease Group in June.
The company is owned by Bulgarian automobiles and car parts trader Power Logistics, which held a stake of 99.99% as of September 2022.
(1 euro = 1.95583 levs)