Bulgaria's Elhim Iskra swings to 4-mo loss, sales down 15% y/y

Elhim Iskra generated sales revenue of 13.63 million levs in January-April, the company said in a bourse filing. In comparison, the company posted sales of some 16 million levs in the same period of 2023.

In April alone, the battery maker turned a preliminary loss of 154,000 levs on revenue of some 3.31 million levs. It compared to a profit of 108,000 levs on sales of 3.48 million levs in the same month of 2023.

The Pazardzhik-based company, part of local diversified group Stara Planina Hold [BUL:SPH], projects revenue from sales of 2.75 million levs for May, down from 3.28 million levs a year earlier.

Shares in Elhim Iskra last traded on April 24 when they closed at 0.74 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)