Consolidated pre-tax profit increases by 16% to 26.253 million BGN for the reporting period
According to information released by the company through the website x3news.com, “Sofarma Trading” AD reported a 12% increase in revenues on a consolidated basis at the end of the first half of 2024 compared to the same period in 2023. The company reported revenues of 917.5 million BGN compared to 821.4 million BGN at the end of June 2023.
Consolidated pre-tax profit increases by 16% in the period January-June
Consolidated pre-tax profit increased by 16% in the period January-June, reaching 26.253 million BGN compared to 22.678 million BGN in the same period in 2023.
Trading AD reports a 10% increase in profits for the first six months of the year
Trading AD’s profits for the first six months of the year amount to 682.414 million BGN, showing a 10% increase compared to the 618.91 million BGN reported at the end of June last year. Individual pre-tax profits for the six-month period have increased by 16% to 21.947 million BGN, up from 18.993 million BGN in the first six months of 2023.
Strong growth in profits and revenues in June 2024
In June 2024, individual pre-tax profits saw a significant 27% increase to 3.326 million BGN, while revenues grew by 4% to 107.755 million BGN.
Consolidated profits and revenues show positive trends
On a consolidated level, pre-tax profits reached 3.546 million BGN, marking a 9% increase compared to June 2023. Consolidated revenues also saw a rise, indicating a positive outlook for the company.
Company Stock Performance
In the past year, the company’s stocks have decreased by 1.7%, while the market capitalization has increased to 200.5 million BGN.
Related Companies
Stay updated on all news related to this company by following Investor.bg and Google News Showcase. Every piece of news is valuable for investors looking to make informed decisions.