Neochim announced earnings results for the first half of 2016. For the period, the company’s net profit doubled to BGN 29.1 million ($16.4 million/EUR 14.9 million) on the back of lower costs for raw materials. Revenues fell 12.5% year-on-year to BGN 147.1 million, operating profit soared by an annual 94% to 29.8 million.