St Konstantin and Elena reports a 12.8% hike in H1 consolidated profit.

Net earnings amounted to 1.1 mln leva (0.5 mln euros) at the end of half one, compared with 0.9 mln leva a year ago.

Consolidated revenues are down by nearly one million to 10.7 mln leva (5.4 mln euros), against 11.7 mln leva (5.9 mln euros) a year ago.

The profit hike is attributed to lowered costs, which went down from 10.6 mln to 9.4 mln leva. Core capital is also up, at 23.78 mln leva, versus 22.68 mln leva at the beginning of the year.

The main priority of the holding's investment program is the expansion and renovation of the infrastructure and facilities in the resort, in order to improve environmental sustainability.

The consolidated report includes the financial results of the parent companies and subsidiaries Granat EOOD, Yantar EOOD, Alajio EAD, Bulgarian Golf Society EOOD, Tiona EOOD and Marina Consortium Balchik.

There have been no transaction on the position on BSE so far today, bids are at 23 leva and asks at 26.9 leva.