SOFIA (Bulgaria), April 25 (SeeNews) – Bulgarian diversified group Doverie United Holding [BUL:5DOV] said that it expects its consolidated operating revenue to grow to 151.7 million levs ($87.0 million/77.6 million euro) in 2023, from 147.6 million levs in 2018.
Total consolidated operating expenses are projected to increase to 150.6 million levs in 2023 from 142.8 million levs last year, Doverie United Holding said in an audited financial report on Monday.
The group expects to close each of the financial years from 2019 to 2023 with a slim operating profit before taxes.
Details follow (mln levs):
|
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
Operating revenue |
147.6 |
142.7 |
144.8 |
147.1 |
149.4 |
151.7 |
Operating expenses |
142.8 |
142.4 |
144.4 |
146.4 |
148.5 |
150.6 |
Pre-tax profit |
4.8 |
0.3 |
0.4 |
0.6 |
0.9 |
1.1 |
Doverie United Holding controls over 20 companies active in various sectors of the economy, including construction, healthcare, retail trade, textiles and others. Doverie United Holding's largest shareholder is blue-chip drug maker Sopharma [BUL:3JR], which held a 33.24% stake in the company at the end of 2018.
Last month, Doverie United Holding completed the acquisition of a 63.8865% shareholding interest in Moldovan lender Moldindconbank (MICB) through its wholly-owned unit Doverie-Invest.
(1 euro = 1.95583 levs)