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Dec 01, 2017 13:44 EEST
SOFIA (Bulgaria), December 1 (SeeNews) – Bulgaria’s Bulgartabac Holding [BUL:57B] said its consolidated net profit rose to 42.6 million levs ($25.9 million/21.7 million euro) in the first nine months of 2017 from 6.7 million levs in the prior-year period.
The tobacco company’s operating revenue grew to 475.0 million levs in the January-September period from 263.3 million levs in the previous year, Bulgartabac said in a bourse filing late on Thursday.
The company's consolidated operating expenses increased to 421.5 million levs in the review period from 254.5 million levs a year earlier.
In May, British American Tobacco (BAT) purchased Bulgartabac's leading cigarette brands for more than 100 million euro ($106.2 million).
Bulgartabac Holding shares last traded on the Bulgarian Stock Exchange on November 27 when they closed 4.05% lower at 35.5 levs.
(1 euro = 1.95583 levs)
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