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Nov 23, 2017 18:59 EEST
SOFIA (Bulgaria), November 23 (SeeNews) – Industrial Holding Bulgaria [BUL:4ID] said on Thursday it turned to a consolidated net profit of 3.3 million levs ($2.0 million/1.7 million euro) in the first nine months of 2017 from a net loss of 4.2 million levs in the prior-year period.
The company’s total operating revenue rose to 70.4 million levs in the January-September period, compared to 62.4 million levs in the like period of 2016, Industrial Holding Bulgaria said in an interim financial report.
Total operating expenses edged up to 65.9 million levs in the review period from 65.7 million levs the year before.
IHB was set up in 1996 as a privatisation fund under Bulgaria's voucher privatisation programme. It was transformed into a holding structure in 1998. Its investment portfolio, which includes stakes in more than 20 companies, is focused on shipbuilding and machine construction.
As at 1422 CET on Thursday, Industrial Holding Bulgaria shares traded 0.11% higher at 0.931 levs.
(1 euro = 1.95583 levs)
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