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Bulgaria
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Bulgaria's Starcom Holding 9-mo cons net profit shrinks

Nov 29, 2017, 6:30:06 PMArticle by Mario Tanev
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November 29 (SeeNews) - Bulgarian financial and insurance group Starcom Holding [BUL:S28H] said its consolidated net profit fell to 1.5 million levs ($907,800/766,900 euro) in the first nine months of the year from 5.9 million levs in the year-ago period.

Bulgaria's Starcom Holding 9-mo cons net profit shrinks
wrangler/Shutterstock.com

The company’s operating revenue rose to 881.8 million levs in January-September from 748.9 million levs in the like period of 2016, Starcom Holding said in a bourse filing.

Consolidated operating expenses increased to 872.4 million levs in the review period, compared to 733.3 million levs the year before.

Starcom Holding is the majority owner of financial and insurance group Eurohold Bulgaria [BUL:4EH].

(1 euro = 1.95583 levs)

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