November 26 (SeeNews) - Diversified group Industrial Holding Bulgaria (IHB) [BUL:4ID] said that it turned to a consolidated net loss after minority interest of 8 million levs ($4.9 million/4.1 million euro) in the first nine months of 2020, from a net profit of 10.5 million levs in the same period of 2019.
The group's consolidated revenue fell to 67.3 million levs in the January-September period of this year from 88 million levs a year earlier, IHB said in an interim financial statement, published earlier this week.
Consolidated expenses edged down to 74.1 million levs in the review period from 75.4 million levs in the first half of 2019, mostly due to a decrease in expenses for materials and hired services.
IHB consolidates the results of over 20 units active in various sectors of the economy.
(1 euro = 1.95583 levs)