November 6 (SeeNews) - Bulgarian state-owned arms trader Kintex said that its net profit rose to 29.4 million levs ($17.2 million/15.0 million euro) in the January-September period of this year from 17.0 million levs in the comparable period of 2017.
The company's operating revenue grew to 231.3 million levs in the first nine months of the year from 198.7 million levs in the same period of 2017, Kintex said in an interim financial report.
Kintex also expects to export "a serious volume" of production to India and Algeria by the end of the year, the company noted.
Total operating expenses increased to 198.0 million levs in the review period from 173.9 million levs the year before.
Kintex, established in 1966, became a joint stock company wholly owned by the state in 1992. Kintex is specialized in exports of products manufactured by Bulgarian defence and machine-building industries.
(1 euro=1.95583 levs)