Bulgarian Holding Company Consolidated Profit Reaches 13.33 Million Leva in First Quarter
The net consolidated profit of Bulgarian Holding Company reached 13.325 mln leva (2.02 leva/share) in the first quarter of this year compared to 575,000 leva (0.08 leva/share) a year ago, the holding’s report published on BSE’s website showed.
Total operating revenues in the period were in the amount of 40.381 mln leva with 90.31% of them coming from positive differences from financial assets and instruments.
Total costs in the three months ended 31 March were down 7.67% to 5.081 mln leva with sufficient reduction in costs for materials and amortization and increase in wage costs.
In the end of the period Bulgarian Holding Company had assets worth 99.736 mln leva against 86.532 mln leva a year ago. The holding had 38.596 mln leva in cash and bank deposits compared to 6.144 mln leva in the beginning of the period.
Bulgarian Holding Company’s core capital amounts to 6.584 mln leva, while its own capital stands at 49.456 mln leva.
More than 20,000 shares on this position have been transacted so far at 3.69 – 4.85 leva/share – their highest level since May 2005.