December 2 (SeeNews) - Bulgarian diversified group Rodna Zemya Holding [BUL:6R2] said that its consolidated net profit, excluding minority interest, edged down to 920,000 levs ($518,000/470,000 euro) in the first nine months of the year from 1.06 million levs in the same period of 0218.
Rodna Zemya Holding's revenue grew to 107.2 million levs in the January-September period of 2019 from 76.6 million levs in the comparable period of 2018, the company said in an interim financial statement.
The company's operating expenses also increased, to 106.6 million levs from 74.9 million levs in the prior-year period.
Cost of goods sold rose to 67.6 million levs in the review period from 43.1 million levs the year before, while personnel expenses increased to 10.6 million levs from 7.5 million levs.
Earlier this year, Rodna Zemya Holding acquired 100% of Sofia-based fast-moving consumer goods retail chain HIT Hypermarket.
In August, the company raised some 36 million levs via a capital increase.
Rodna Zemya Holding's largest unit is local building materials retail chain operator Baumax. Besides Baumax and HIT Hypermarket, Rodna Zemya Holding controls five more units, mostly active in the real estate sector.
(1 euro = 1.95583 levs)