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Sofia Commerce-Pawn Brokerage boosts 9-mo cons net profit 41% y/y

Dec 5, 2023, 12:00:57 PMArticle by Mihaela Miteva
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December 5 (SeeNews) - Bulgarian pawnshop chain operator Sofia Commerce-Pawn Brokerage [BUL:SCOM] said its consolidated net profit, excluding minority interest, grew to 3.17 million levs ($1.76 million/1.62 million euro) in the first nine months of this year from 2.25 million levs in the like period of 2022.

Sofia Commerce-Pawn Brokerage boosts 9-mo cons net profit 41% y/y
Image source: Sofia Commerce-Pawn Brokerage website.

Sofia Commerce-Pawn Brokerage's operating revenue increased to 7.5 million levs between January and September from some 6 million levs a year earlier, the company said in an interim financial statement last week. Sales of services jumped by an annual 26% to some 7.5 million levs.

In parallel, the company's expenses climbed to 3.9 million levs from 3.5 million levs, chiefly due to a 12% rise in remuneration costs to 2.9 million levs.

Sofia Commerce-Pawn Brokerage operates a chain of over 100 pawnshops in Bulgaria.

Shares in Sofia Commerce-Pawn Brokerage last traded on Monday when they closed at 3.04 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

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