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Bulgarian wine maker Vinzavod-Asenovgrad posts revenue drop in H1 2013

Author Dena Popova
Bulgarian wine maker Vinzavod-Asenovgrad posts revenue drop in H1 2013

SOFIA (Bulgaria), July 25 (SeeNews) - Bulgarian wine maker Vinzavod-Asenovgrad (BSE:4VA) said on Thursday its first-half revenue dropped sharply to 820,000 levs ($554,000/420,000 euro) from 1.9 million levs a year earlier and this may affect negatively its projected forecast for 2013.

The company's net loss for the first six months narrowed by 1.5% year-on-year to 536,000 levs, Vinzavod-Asenovgrad said in its interim report filed on BSE.

The wine maker hopes the next two quarters will be much better but warned that it might not be able to meet its annual target of 5.0 million levs in revenue and net profit of 45,000 levs.

(1 euro = 1.95583 Bulgarian levs)

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