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Bulgarian Rose beats Jan-May sales forecast

Jun 21, 2024, 7:08:40 PMArticle by Mihaela Miteva
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June 21 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] said on Friday that it generated a sales revenue of 1.91 million levs ($1.05 million/976,564 euro) in the first five months of 2024, beating its 1.85 million levs projection.

Bulgarian Rose beats Jan-May sales forecast
Photo: BGNES

In May alone, the company posted a preliminary profit of 57,000 levs, while sales amounted to 548,000 levs, Bulgarian Rose said in a bourse filing. In comparison, it booked a loss of 3,000 levs and sales of 282,000 levs in the same month of last year.

Sales in June are forecast at 462,000 levs, bringing revenue for the first half of 2024 to some 2.37 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 diversified group Stara Planina Hold [BUL:SPH].

Shares in Bulgarian Rose last traded at 1.94 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

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