April 30 (SeeNews) - Bulgarian cosmetics maker Lavena [BUL:4L4] said that its non-consolidated net profit rose to 206,000 levs ($118,000/105,000 euro) in the first quarter of the year from 48,000 levs in the same period of 2018.
The company's total revenue grew to 4.3 million levs in the first three months of 2019 from 3.9 million levs in the comparable period of last year, Lavena said in an interim financial statement last week.
Operating expenses increased to 4.1 million levs in the review period from 3.8 million levs the year before, following a rise in expenses for materials.
In January, Lavena increased its capital to 9.9 million levs from 8.3 million levs by issuing 1,599,904 new shares.
Established in 1962, Lavena 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)