December 22 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:SPH] expects its consolidated sales to increase this year by an annual 38.74% to 275.3 million levs ($158.6 million/140.8 million euro), it said on Wednesday.
Stara Planina Hold's sales rose by 38.61% year-on-year in the first eleven months of 2021, reaching 255.6 million levs, the company said in a bourse filing.
The holding company's consolidated preliminary gross profit amounted to some 30.6 million levs in the January-November period.
Last week, Stara Planina Hold said that it expects a rise in its sales revenue to 307 million levs next year. The company hopes for annual growth of over 17% of its consolidated sales revenue in the first six months of next year, to be followed by a rise of 4% in the second half, it said back then.
As at 14:40 CET on Wednesday, shares in Stara Planina Hold traded 2% lower at 9.80 levs on the Bulgarian Stock Exchange.
Stara Planina Hold's investment portfolio includes companies from the sectors of machine engineering, electrical engineering, and perfumery and cosmetics.
(1 euro = 1.95583 levs)