November 29 (SeeNews) - Bulgarian poultry producer Gradus [BUL:GR6] said it recorded a consolidated net profit of 16.5 million levs ($9.6 million/8.4 million euro) in the January-September period of 2018.
The company did not provide comparative figures.
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Gradus booked 112.8 million levs in operating revenue during the nine-month period, while its operating expenses amounted to 94.6 million levs, the company said in an interim financial statement.
As at 11:25 CET on Thursday, Gradus shares traded 1.27% higher at 1.60 levs on the Bulgarian Stock Exchange.
In June, Gradus raised 81.4 million levs in a two-day initial public offering (IPO) on the Sofia bourse. Investors subscribed for 45.2 million Gradus shares, or 81% of the total number of offered shares, at a price of 1.8 levs apiece, making it the biggest IPO on the Bulgarian Stock Exchange since 2007.
Gradus consolidates the results of four wholly-owned units - Lora-2004, Zhyuliv, Millennium 2000 and Gradus-1, as well as Gradus-98, in which the company holds a 99.94% stake.
(1 euro = 1.95583 levs)