April 21 (SeeNews) - Bulgarian textile company Mak [BUL:MAK] said on Wednesday that its standalone net profit rose to 1.3 million levs ($798,200/664,700 euro) in the first quarter of 2021 from 198,000 levs in 2020, supported by higher revenue.
Mak's operating revenue jumped to 11.6 million levs in the first three months of this year, from some 4.1 million levs a year earlier, the company said in an interim financial statement.
The textile company's operating expenses also increased, to 10.2 million levs from 3.9 million levs.
Mak's assets stood at 24.8 million levs at the end of March, up from 24.3 million levs a year earlier.
Gabrovo-based Mak specialises in the production of police, firefighter and military uniforms, and has a portfolio of over 400 products. Last year, the company started the production of protective clothing for medical personnel, which has been in high demand since the outbreak of COVID-19.
(1 euro = 1.95583 levs)