Industrial Capital Holding grows 9-mo net profit, revenue up 33% y/y

Industrial Capital Holding's profit after taxes, including interest attributable to other shareholders in the group's units, went up to some 35.1 million levs in the reporting period from 20.3 million levs in the first nine months of 2021, the company said in an interim financial statement.

The group's revenue jumped by an annual 32.6% to some 301.6 million levs in the January-September period of this year.

Expenses also registered a significant increase, to 263.2 million levs from 205.3 million levs, mainly due to higher expenses for materials, hired services and personnel.

Industrial Capital Holding consolidates the results of two majority-owned units - machine manufacturer Siloma and supporting components producer Rubolt, as well as three affiliates - cable producer Emka [BUL:EMKA], hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] and abrasive tools producer ZAI.

Shares in Industrial Capital Holding closed flat at 2.80 levs on the Bulgarian Stock Exchange on Friday.

(1 euro = 1.95583 levs)