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Aug 30, 2023 12:57 EEST
August 30 (SeeNews) - Bulgarian diversified group Chimimport [BUL:CHIM] said that its consolidated net profit, excluding minority interests, increased to 39.8 million levs ($22 million/20.3 million euro) in the first half of 2023 from some 28 million levs in the like period of last year.
Including minority interests, Chimimport's consolidated net profit climbed to 52.5 million levs in January-June from 36.4 million levs a year earlier, the company said in an interim financial statement on Tuesday.
Total revenue went up to 9.49 billion levs in the six months through June from 9.31 billion levs in the same period last year.
The company's expenses grew to 9.43 billion levs from 9.27 billion levs, driven by higher costs for hired services, remuneration and amortisations.
Chimimport has full or majority ownership and investments in over 60 companies. Among others, the group holds controlling stakes in diversified group Zarneni Hrani Bulgaria [BUL:ZHBG], local lender Central Cooperative Bank [BUL:CCB], insurance company Armeec and Bulgarian Airways Group.
As of 1155 CET on Wednesday, shares in Chimimport traded 1.40% higher at 0.722 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)
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