Bulgaria's HES meets Oct sales fcast, eyes 2.8 mln euro in Nov

HES reported accumulated sales of 53.1 million levs in January-October, up by an annual 1.65%, and expects to generate a further 5.4 million levs in November, the company said in a bourse filing.

If the company meets its November sales expectations, its annual sales growth will slow down to 0.38% in January-November.

The company's gross profit amounted to some 4.5 million levs in January-October.

As at 11:05 CET on Wednesday, HES shares traded at 4.40 levs, 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)