November 26 (SeeNews) - Bulgarian farming group BG Agro [BUL:AO0] said on Monday that its consolidated net profit edged down to 4.4 million levs ($2.5 million/2.2 million euro) in the January-September period of 2018 from 4.9 million levs in the same period of last year, following a rise in expenses.
The company's total operating expenses increased to 71.1 million levs in the first nine months of the year from 66.0 million levs in the prior-year period, as cost of goods sold grew to 56.0 million levs from 45.2 million levs the year before, BG Agro said in an interim financial statement.
Total operating revenue rose to 75.5 million levs in the period under review, compared to 70.9 million levs in the comparable period of 2017.
BG Agro consolidates the results of nine wholly-owned units and their respective subsidiaries.
In March, BG Agro said it has fully acquired local agricultural company Lamobiena for an undisclosed price. BG Agro acquired all of Lamobiena's 990 shares with a nominal value of 200 levs, the group said at the time.
(1 euro = 1.95583 levs)