November 26 (SeeNews) - Financial and insurance group Eurohold Bulgaria [BUL:4EH] said its nine-month consolidated after-tax profit before minorities dropped to 200,000 levs ($116,200/102,200 euro) from 12.2 million a year earlier, burdened by higher expenses.
Excluding non-controlling interest, Eurohold Bulgaria recorded a consolidated loss of 2.5 million levs for the period versus a profit of 8.2 million levs a year ago, according to the group's interim financial statement filed with the Bulgarian Stock Exchange on Friday.
The group’s operating revenue edged down 1% on the year to 878.4 million levs while its costs deepened by 10 million levs to 878.2 million levs.
Insurance activities contributed 667.3 million levs to Eurohold Bulgaria's total operating revenue and were 6.6% lower year-on-year. Revenue from the automotive business increased by 28% to 181.2 million levs.
At the end of September, the group's consolidated assets totalled 1.354 billion levs, 2.1% higher compared to the end-2017 figure.
Eurohold Bulgaria's portfolio includes companies active in financial services, leasing, insurance and car sales.
(1 euro = 1.95583 levs)