Bulgaria's HES Jan-Nov sales jump 39%

In November alone, the company’s sales amounted to 8.6 million levs, the company said in a stock exchange filing.

Preliminary gross profit for November stood at 852,000 million levs, which brought to 11.5 million levs the total gross profit for the first eleven months of 2022.

Revenue from sales in December is projected at 4.83 million levs, which would mean a 34.5% increase in the full year of 2022.

As of 1356 CET on Wednesday, shares in HES traded flat at 6.40 levs on the Bulgarian Stock Exchange.

Yambol-based HES is part of local industrial group Stara Planina Hold [BUL:SPH].