July 15 (SeeNews) - Wholesale stores operator Metro Cash&Carry Bulgaria, a unit of Germany's Metro, said that its net profit increased to 18.0 million levs ($10.4 million/9.2 million euro) in 2018 from 14.2 million levs in 2017.
Metro Cash&Carry Bulgaria's sales grew to 756.7 million levs last year from 748.6 million levs in 2017, the company said in an annual financial statement.
Cost of goods sold rose to 644.4 million levs in 2018 from 630.5 million levs the year before.
Metro Cash&Carry Bulgaria booked 12.9 million levs in other operating revenue in 2018, compared to 7.0 million levs in 2017.
The company's selling costs remained flattish year-on-year at 95.5 million levs.
Metro Cash&Carry Bulgaria's assets fell to 257.3 million levs at the end of 2018 from 280.7 million levs a year earlier.
At the end of 2018, the company operated 13 stores across 11 of the country's major cities, employing 2,426 people. The company also operates a logistics centre for hotel, restaurant and catering deliveries.
(1 euro = 1.95583 levs)