June 25 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:5SR] said that it expects its consolidated sales to fall by an annual 16.14% to 101.9 million levs ($58.5 million/52.1 million euro) in the first half of 2020.
Stara Planina Hold lowered its sales in the first five months of the year by 15.99% to 86.7 million levs, the group said in a bourse filing on Wednesday.
The holding company's consolidated gross profit amounted to some 7.5 million levs in the January-May 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)