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Bulgaria's Sofia Commerce-Pawn Brokerage raises 9-mo non-cons net profit

Nov 2, 2022, 3:03:52 PMArticle by Tanya Ivanova
share
November 2 (SeeNews) - Bulgarian pawnshop chain operator Sofia Commerce-Pawn Brokerage [BUL:SCOM] said that its non-consolidated net profit increased to 2.11 million levs ($1.07 million /1.08 million euro) in the first nine months of 2022 from 1.3 million levs in the same period of 2021.

Bulgaria's Sofia Commerce-Pawn Brokerage raises 9-mo non-cons net profit
Image source: Sofia Commerce-Pawn Brokerage website.

The company’s standalone revenue rose to 5.6 million levs in the January-September period from 4.3 million levs a year earlier, Sofia Commerce-Pawn Brokerage said in an interim financial statement last week.

At the same time, operating expenses climbed to 3.24 million levs from 2.82 million levs mainly due to higher remuneration costs.

Sofia Commerce-Pawn Brokerage operates a chain of over 100 pawnshops in Bulgaria.

In July, the company said that it will set up a subsidiary in North Macedonia named Makkom Cash Skopje.

As at 1337 CET on Wednesday, shares in Sofia Commerce-Pawn Brokerage traded flat at 2.82 levs on the Bulgarian Stock Exchange.

(1 euro = 1.95583 levs)

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