Bulgarian Rose Jan-April sales slightly below target

In April alone, Bulgarian Rose posted a preliminary loss of 10,000 levs, while sales amounted to 313,000 levs, the company said in a bourse filing.

In comparison, the company booked a profit of 57,000 levs on sales of 412,000 levs in the same month last year.

Sales in May are projected at 487,000 levs, bringing revenue for the first five months to some 1.85 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 on May 7 when they closed at 1.99 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)