Bulgaria's Industrial Capital Holding grows 2021 cons net profit

Industrial Capital Holding's profit after taxes, including interest attributable to other shareholders in the group's units, went up to 24.6 million levs last year from 17.4 million levs in 2020, the company said in an annual financial statement on Friday.

The group's revenue rose to 309.4 million levs from 217.8 million levs in the review period, while expenses reached 281.9 million levs at the end of 2021, compared with 198.3 million levs at the end of the previous year, mainly due to higher expenses for materials.

On Friday, shares in Industrial Capital Holding closed 3.45% higher at 3 levs on the Sofia bourse.

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)