The net consolidated profit of Alfa Finance Holding has risen eight times y/y, the 2007 audited report states.

The holding booked after tax profit in the amount of 83 mln leva (42.43 mln euros) for 2007 compared with 10 mln leva (5.11 mln euros) in 2006.

As a result of acquisitions and good management, net revenues doubled from 109 mln leva (55.7 mln euros) in 2006 to 212 mln leva (108.3 mln euros) last year. Assets grew 2.8 times to 653 mln leva (333 mln euros).

Last year Alfa Finance Holding consolidated its investments in the area of logistics into Danube Industrial Park Jsc. The holding also restructured the financial services units into Financia Group and acquired Plovdiv Airport Jsc, Capital Bank Skopje, and 50% in Sofstroy Jsc.

A merger between STS Finance and Bulbrokers was also finalized in 2007.

This year the holding expects to complete the deals for the acquisitions of insurer Broker Ins, of Macedonian investment intermediary Eurobroker Skopje, of the Landmark office building portfolio, as well as several foreign acquisitions on the part of Kaolin Jsc.

„The excellent results are due to the efforts of our team to successfully implement our strategy for expansion in Bulgaria and on the markets of Southeast Europe,” the holdings' procurer Ivan Nenkov said. “From now on our aim will be to confirm our position as a good strategic partner to both foreign companies wishing to invest in Bulgaria and local entrepreneurs aiming at the global markets.”

Alfa Finance Holding is a Bulgarian industrial and financial group operating in the areas of financial services, real estate and industrial minerals. The holding has successful investments in the spheres of logistics, construction, telecommunications and energetics. The group operates in Bulgaria and SEE. It controls assets in the amount of a total of 1.5 billion euros and it subsidiaries employ 3,500 people.