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Bulgaria's Rodna Zemya Holding quadruples 9-mo cons net profit

Author Vasil Kolchev
Bulgaria's Rodna Zemya Holding quadruples 9-mo cons net profit Photo: Rodna Zemya Holding

(None), November 30 (SeeNews) - Bulgarian diversified group Rodna Zemya Holding [BUL:HRZ] said that it recorded a consolidated net profit excluding minority interest of 126,000 levs ($72,658/64,423 euro) in the first three quarters of 2021, four times the net profit of 31,000 levs turned in the like period of last year.

The group's operating revenue rose to 119.2 million levs in the first nine months of this year, from 85 million levs in the comparable period of 2020, Rodna Zemya Holding said in an interim financial statement on Monday.

The group's operating expenses also increased in the review period, to 118.8 million levs from 85 million levs, the financial statement showed.

As at 10:55 CET on Tuesday, shares in Rodna Zemya Holding traded flat at 2.70 levs on the Bulgarian Stock Exchange.

The group's larger members include building materials retailer Baumax, which operates under the HomeMax brand, DIY-chain operator HIT Hypermarket and meat products maker Koopdoverie Lesidren. HIT Hypermarket and Koopdoverie Lesidren were both acquired in 2019, after Rodna Zemya Holding raised 36 million levs in a capital increase process.

(1 euro = 1.95583 levs)

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