Bulgaria's HES meets Nov sales fcast, eyes 1.6 mln euro in Dec

HES reported accumulated sales of 58.5 million levs in January-November, up by an annual 0.44%, and expects to generate a further 3.1 million levs in December, the company said in a bourse filing.

If the company meets its December sales expectations, its revenue in 2019 will be equal to the one generated in 2018.

The company's gross profit amounted to some 5 million levs in January-November.

HES shares closed at 4.20 levs on Thursday, unchanged from their previous closing price on the Bulgarian Stock Exchange.

HES is part of blue-chip industrial group Stara Planina Hold [BUL:5SR].

(1 euro = 1.95583 levs)