Bulgartabac Holding AD reported consolidated earnings results for the first quarter ended March 2016. The company reported first quarter consolidated net profit jumped 19.5% year-on-year to BGL 19.7 million ($11.2 million/€10.1 million). The group's profit after minority interests rose by an annual 17.4% to BGL 19.3 million. The company operating profit edged up 5% to BGL 21.1 million in January-March, despite a 27% drop in revenues to BGL 89.6 million.