October 22 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:5SR] said on Thursday that it expects its consolidated sales to fall by an annual 13.97% to 165.2 million levs ($99.9 million/84.5 million euro) in the first ten months of 2020.
Stara Planina Hold lowered its sales in the first nine months of the year by 16.27% to 145.2 million levs, the group said in a bourse filing.
The holding company's consolidated gross profit amounted to some 11.4 million levs in the January-September period of 2020.
Stara Planina Hold's investment portfolio includes companies from the sectors of machine building, electrical engineering and perfumery and cosmetics.
(1 euro = 1.95583 levs)