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Nov 28, 2017 16:40 EEST
SOFIA (Bulgaria), November 28 (SeeNews) – Bulgarian lavender oil and cosmetics producer Lavena [BUL:4L4] said on Tuesday its consolidated net profit rose to 2.1 million levs ($1.3 million/1.1 million euro) in the first nine months of 2017, from 1.1 million levs in the like period of last year.
The company’s consolidated operating revenue grew to 14.9 million levs in the January-September period from 11.0 million levs in the corresponding period of last year, Lavena said in a bourse filing.
You can download the 2023 Agriculture industry in Southeast Europe report here
Lavena’s operating expenses increased to 12.5 million levs in the review period, compared to 9.7 million levs in the comparable period of 2016.
Lavena, established in 1962, owns lavender plantations and exports its products to Europe, Asia, Africa, Australia and the U.S.
Bulgaria is among the world's biggest producers of lavender oil.
(1 euro = 1.95583 levs)
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