TK Hold is reporting a significant increase in consolidated profit, from 585,000 leva a year ago, to 4.71 mln leva (2.408 mln euros) on September 30 this year.

Revenues grew by more than 50% in the nine month period, from 20.06 mln leva (10.256 mln euros) to 30.93 mln leva (15.814 mln euros).

The increase is mainly attributed to a hike in revenues listed as Other, which grew by more than 7.4 mln leva y/y to 9.54 mln leva (4.877 mln euros).

Consolidated costs climbed from 18.94 mln leva a year ago, to 22.80 mln leva.

The stock price ranged from 2.71 to 6.80 leva during the Jan – sept period, in which 354,581 shares changed hands in 2,900 transactions worth 1,483,475 leva ( in regular trade. Also 96,510 shares changed hands in 104 block or other reported OTC transactions, that came to 245,416 leva in value.

In October the stock price reached 7.90 leva.

The stock surged some 26.3% for the day at a turnover of 17,600 shares, just a little before the release of the consolidated report.

Bids were at 7.5 leva and asks at 7.462 leva at the end of the day.