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Bulgaria’s Elhim Iskra widens loss in Jan, sales down 7.9% y/y

Feb 22, 2024, 12:49:58 PMArticle by Mihaela Miteva
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February 22 (SeeNews) - Bulgarian car battery manufacturer Elhim Iskra [BUL:ELHM] said on Thursday that it posted a preliminary gross loss of 387,000 levs ($213,877/197,869 euro) in January.

Bulgaria’s Elhim Iskra widens loss in Jan, sales down 7.9% y/y
Image source: Elhim Iskra

In the same month of 2023, Elhim Iskra booked a preliminary loss of 53,000 levs.

Sales revenue came in at some 3.52 million levs last month, down 7.9% year-on-year, Elhim Iskra said in a bourse filing.

Looking ahead, the Pazardzhik-based company, which is part of local diversified group Stara Planina Hold [BUL:SPH], projects a sales revenue of 3.35 million levs in February, down from 4.19 million levs a year earlier.

Shares in Elhim Iskra last traded on February 9 when they closed at 0.885 levs on the Bulgarian Stock Exchange, bourse data show.

(1 euro = 1.95583 levs)

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