Neochim reported consolidated earnings results for the nine months of 2016. The company's consolidated net profit rose to BGN 16.89 million ($9.15 million/EUR 8.62 million) in the first nine months, compared to BGN 9.43 million in the corresponding period of 2015. Neochim's expenditure on raw materials fell significantly, to 105.6 million levs, from 165.7 million in the corresponding period of 2015. Revenues in the review period fell to BGN 171.5 million from BGN 223.9 million in the January-September period of last year. Operating profit rose to BGN 17.8 million, from BGN 11 million in 2015.