April 21 (SeeNews) - Bulgarian industrial group Stara Planina Hold [BUL:5SR] said on Friday it expects its consolidated sales in the four months through April to increase by an annual 5.7% to 68.5 million levs ($37.5 million/35 million euro).
In the first quarter of 2017, consolidated sales rose 8.24% on the year to 51.8 million levs, exceeding expectations of 7.12% growth, the company said in a bourse filing.
In March alone, consolidated sales revenue totalled 17.8 million levs.
Stara Planina's investment portfolio includes companies from the sectors of machine building, electrical engineering, perfumery and cosmetics, and textiles.
Last week, Stara Planina Hold said it has acquired 95.69% of Veliko Tarnovo-based vinegar producer Vinprom, 68.99% of Nikopol-based grape and fruit purchaser Dionisii, which is a Vinprom supplier, and 80% of Svishtov-based Ustrem, a manufacturer of spare parts for combine harvesters and other farm machines for a total of 2.6 million levs.
Stara Planina Hold shares last traded on Thursday when they closed 1.97% lower at 7.96 levs in a trading volume of 1,260 units.
(1 euro=1.95583 levs)