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Bulgaria's Elhim Iskra swings to 5-mo prelim loss, revenue halves

Bulgaria's Elhim Iskra swings to 5-mo prelim loss, revenue halves Author: Elhim Iskra / All rights reserved.

SOFIA (Bulgaria), June 21 (SeeNews) - Bulgarian car battery manufacturer Elhim Iskra [BUL:ELHM] said on Tuesday that it booked a provisional accumulated loss of 818,000 levs ($441,435/418,235 euro) in the first five months of 2022.

Elhim Iskra's preliminary loss totalled 168,000 levs in May alone, the company said in a stock exchange filing.

The car battery maker swung to a preliminary profit of 530,000 levs in the same period of 2021, according to earlier data.

Elhim Iskra's sales revenue declined to 4.24 million levs in the January-May period of 2022, compared to 10.8 million levs a year earlier. Sales revenue in the year to date amounts to roughly 18.7 million levs.

Elhim Iskra also said that it expects to generate sales revenue of 3.85 million levs in June.

Shares in Elhim Iskra, which have dropped in value by 12% in the past 12 months, closed flat at 0.65 levs apiece in their most recent trading session on Monday.

(1 euro = 1.95583 levs)

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