You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bulgaria's Elhim Iskra swings to profit in Jan-Oct, revenue rises

Author Vasil Kolchev
Bulgaria's Elhim Iskra swings to profit in Jan-Oct, revenue rises Photo: Elhim Iskra

SOFIA (Bulgaria), November 19 (SeeNews) - Bulgarian car battery manufacturer Elhim Iskra [BUL:ELHM] said on Friday that it made a preliminary profit of 739,000 levs ($428,600/377,800 euro) in the first ten months of this year.

Elhim Iskra recorded a sales revenue of about 32.5 million levs during January-October, the company said in a stock exchange filing.

These figures compare to a preliminary loss of 756,000 levs on sales revenue of some 25.3 million levs in the ten months through October 2020, according to previously disclosed data.

In October 2021 alone, the company recorded a preliminary loss of 163,000 levs on sales of 3.4 million levs, Elhim Iskra said in the filing, adding that it expects to record a revenue of 3.2 million levs in November.

Elhim Iskra is part of local diversified group Stara Planina Hold [BUL:SPH]. The Pazardzhik-based company exports over 90% of its output.

(1 euro = 1.95583 levs)

Compare