February 24 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:5SR] said on Monday that its consolidated sales fell by an annual 11.41% to 19.2 million levs ($10.7 million/9.8 million euro) in January, slightly above the company's forecast for sales of 18.8 million levs.
Stara Planina Hold expects to generate a further 18.8 million levs in February, bringing the annual decrease of its sales in the January-February period to 7.75%, the company said in a bourse filing.
The group posted a gross profit of some 2.7 million levs in January.
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)