June 21 (SeeNews) - Cosmetics manufacturer Bulgarian Rose [BUL:ROZA] said on Wednesday it recorded a sales revenue of 1.42 million levs ($792,131/726,034 euro) in the first five months of this year, which was in line with earlier forecasts but 42.9% less than for the same period of 2022.
In May alone, the company booked a preliminary loss of 3,000 levs on sales of 282,000 levs, it said in a bourse filing. Sales for May were slightly below the 285,000 levs forecast last month.
Sales in June are projected at 352,000 levs, taking the total revenue revenue for the first half of 2023 to roughly 1.78 million levs.
Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs. The company is part of local blue-chip industrial group Stara Planina Hold [BUL:SPH].
As at 1441 CEST, shares in Bulgarian Rose traded flat at 1.65 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data showed.
(1 euro = 1.95583 levs)