October 21 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:SPH] expects that its consolidated sales will increase by 36% on the year to 311.06 million levs ($154.9 million/159.04 million euro) in the January-October period, the company said on Friday.
Stara Planina sales in the nine months through September rose by an annual 37% to 278.8 million levs, the group said in a filing with the Bulgarian Stock Exchange.
The result is only slightly higher than the company’s projections of 278.6 million levs.
Growth was due to double-digit percentage rises in the sales of the group's four main subsidiaries - M+S Hydraulic [BUL:MSH], Hydraulic Elements and Systems [BUL:HES], car battery manufacturer Elhim Iskra [BUL:ELHM] and cosmetics producer Bulgarian Rose [BUL:ROZA], the filing showed.
As at 1225 CEST on Wednesday, shares in Stara Planina Hold traded flat at 8.30 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)