August 26 (SeeNews) - Bulgaria's Industrial Capital Holding [BUL:HIKA] said on Thursday that its consolidated net profit excluding minority interest jumped to 3.4 million levs ($2.0 million/1.7 million euro) in the first half of 2021 from 648,000 levs in the same period of last year.
Industrial Capital Holding's profit after taxes, including interest attributable to other shareholders in the group's units, rose to over 14 million levs in the reporting period from 6.2 million levs in the comparable period of 2020, the company said in an interim financial statement.
The group's revenue grew to 149.8 million levs in the first half of this year from 104.5 million levs in the same period of 2020.
Expenses increased to 134.75 million levs from 97.7 million levs a year earlier, mostly on the back of higher expenses for materials.
Industrial Capital Holding consolidates the results of two majority-owned units - machine manufacturer Siloma and supporting components producer Rubolt, as well as three affiliates - cable producer Emka [BUL:EMKA], hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] and abrasive tools producer ZAI.
(1 euro = 1.95583 levs)