September 8 (SeeNews) - Bulgarian diversified group Rodna Zemya Holding [BUL:HRZ] said its consolidated net profit excluding minority interest increased to 420,000 levs ($214,323/214,743 euro) in the first half of 2022 from 195,000 levs in the same period of last year.
Revenue climbed to 89.2 million levs in the six months through June from 77.03 million levs in the first half of 2021, the group said in an interim financial statement last week.
Operating expenses rose to 85.1 million levs from 73.7 million levs, mainly driven by higher cost of goods sold.
Rodna Zemya said that it has not identified an increased risk for its operations from the war in Ukraine and the related international sanctions against Russia. Still, investments in subsidiaries and in debt and capital instruments could be indirectly impacted by the situation in Ukraine, the long-term effects from the coronavirus pandemic and the trends in the Bulgarian economy, the company warned.
By 0918 CEST on Thursday, shares in Rodna Zemya Holding traded flat at 2.84 levs on the Bulgarian Stock Exchange.
As of June 30, the group’s members included commercial brokerage firm Haedus, building materials retailer Baumax, retailer B&O Haedus EOOD, real estate and construction firm Agrobusiness Estate, investor Puldin Properties Invest, real estate company Partners Estates, DIY-chain operator HIT Hypermarket and real estate and construction firm Retail Park Misionis.
(1 euro = 1.95583 levs)