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Bulgaria's Elhim Iskra misses Nov sales f'cast, eyes 0.8 mln euro in Dec

Dec 19, 2019, 10:13:11 AMArticle by Mario Tanev
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December 19 (SeeNews) - Bulgarian car battery manufacturer Elhim Iskra [BUL:52E] said on Thursday that it booked sales revenue of 2.38 million levs ($1.4 million/1.2 million euro) in November, under its forecast for monthly sales of 2.50 million levs.

Bulgaria's Elhim Iskra misses Nov sales f'cast, eyes 0.8 mln euro in Dec
Author: Elhim Iskra / All rights reserved.

Elhim Iskra generated accumulated January-November revenue of 31.5 million levs and a gross profit of 692,000 levs, the company said in a bourse filing.

In the first eleven months of last year, the company booked sales of 34.9 million levs and a gross profit of 605,000 levs, according to previously reported figures.

The battery maker expects to book revenue of 1.63 million levs in December, down from its December 2018 sales of 2.0 million levs.

Elhim Iskra is part of blue-chip diversified group Stara Planina Hold [BUL:5SR].

The Pazardzhik-based company exports over 90% of its output.

(1 euro = 1.95583 levs)

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