November 30 (SeeNews) - Bulgaria's Telelink Business Services Group (TBS Group) [BUL:TBS] said that its consolidated net profit increased to 10.3 million levs ($6.0 million/5.3 million euro) in the first nine months of 2021 from 10.1 million levs in the same period of last year.
The company's revenue rose to 136.7 million levs in the January-September period of this year, from 96.6 million levs a year earlier, it said in an interim financial statement on Monday.
At the same time, the company's expenses also went up - to 124.8 million levs from 85 million levs, mainly due to higher cost of goods sold and costs for materials.
The group's assets amounted to 74.5 million levs at the end of September, up from 66.9 million levs at the end of last year.
TBS Group was spun off from local company Telelink Bulgaria in July 2019, becoming the sole owner of IT infrastructure, information security and digital transformation solutions provider Telelink Business Services and several other units of Telelink engaged in similar activities.
As at 15:40 CET on Tuesday, shares in TBS Group traded 0.64% lower at 15.50 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)