Bulgarian industrial and financial group Alfa Finance Holding, the majority owner of local blue-chip mineral extracting and processing company Kaolin, on Thursday said its consolidated pre-tax profit in the first nine months of 2008 rose 16% to 57.4 million levs ($37.5 million/29.3 million euro).
The group's consolidated total revenue surged 98% on the year to 222 million levs, and the group's assets rose 38% to 898 million levs at the end of September, it said in a statement.
"The holding company's strategic goal remains its positioning as a transparent, predictable and preferred partner to companies with interest in our region," the chairman of the company's management board and CEO, Ivo Prokopiev, said in the statement.
Alfa Finance Holding (www.alfafinance.bg) provides financial services in Bulgaria and Macedonia. It is also active in the real estate management and transport sectors and in the mining industry. Through its majority-owned mineral extracting and processing company Kaolin, the group is active in Serbia, Albania, Romania, Turkey and Ukraine. It has also a solar panel production factory. The group employs some 3,000 people.