March 2 (SeeNews) - Bulgarian diversified group Doverie United Holding [BUL:DUH] said that its consolidated net profit excluding minority interests went up to 72.5 million levs ($39.6 million/37.07 million euro) last year from 44.8 million levs in 2021 on the back of higher revenue.
The group's revenue surged to 524.7 million levs in 2022 from some 356 million levs in 2021, Doverie United Holding said in an annual financial statement on Wednesday.
Net banking income grew to 194.8 million levs from 141.8 million levs, while net insurance income inched up to 5.3 million levs from 5.2 million levs. Net income from other business segments added 32% on the year to 69 million levs.
The company's operating expenses jumped by an annual 46% to 417.6 million levs in the review period, largely due to higher interest and other financial expenses.
Doverie United Holding owns majority stakes in 17 companies active in various sectors of the economy, including healthcare, construction, banking, retail trade, real estate, and others.
As of 1130 CET on Thursday, shares in Doverie United Holding traded flat at 7.98 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)