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Bulgaria's Neochim posts y/y drop in H1 cons net profit, revenue grows

Author Radina Veleva
Bulgaria's Neochim posts y/y drop in H1 cons net profit, revenue grows Neochim/All rights reserved.

SOFIA (Bulgaria), August 25 (SeeNews) - Bulgarian fertiliser producer Neochim [BUL:NEOH] said on Wednesday that it booked a consolidated net profit of some 21.6 million levs ($13 million/11.1 million euro) in the first half of 2021, lower than a net profit of 23.2 million levs in the same period of 2020.

The company's revenue grew to some 145.7 million levs in the first six months of this year from 138.2 million levs in the comparable period of 2020, Neochim said in a stock exchange filing.

Neochim's expenses went up to some 146.5 million levs in the review period from 124.1 million levs in the first half of last year, as expenses for carbon emission allowances doubled, reaching 11.4 million levs from 5.4 million levs in January-June 2020.

As at 13:00 CET, shares in Neochim traded flat at 27.40 levs on the Bulgarian Stock Exchange (BSE).

(1 euro = 1.95583 levs)

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