July 9 (SeeNews) - Bulgarian grain trader Buildcom said that its consolidated net profit more than tripled to 18.8 million levs ($10.8 million/9.6 million euro) in 2018 from 5.4 million levs in 2017.
Buildcom's sales increased to 713.8 million levs last year from 673.3 million levs in 2017, the company said in an annual financial statement.
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Cost of goods sold fell to 336.7 million levs in 2018 from 380.2 million levs the year before.
Expenses for materials grew to 311.1 million levs from 229.4 million levs.
Financial revenue rose to 9.2 million levs from 5.0 million levs, while financial expenses edged down to 11.2 million levs from 12.2 million levs.
Buildcom is the majority owner of edible oil maker Oliva.
(1 euro = 1.95583 levs)