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Dec 22, 2022 11:35 EEST
December 22 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:SPH] said on Thursday it expects its consolidated sales revenue to grow by an annual 34% this year to some 371.8 million levs ($202.2 million/190.1 million euro).
Stara Planina Hold booked a 36% increase in revenue on the year to 348.1 million levs in the January-November period, the company said in a stock exchange filing.
The total preliminary gross profit of the company's four main subsidiaries amounted to some 47.8 million levs in the eleven-month period, with car battery maker Elhim Iskra [BUL:ELHM] returning to a pre-tax profit in November.
Last week, Stara Planina Hold said it plans to increase its annual investments by 2% in 2023 to 23.8 million levs.
As of 0906 CET, shares in the company traded flat at 9.10 levs on the Sofia bourse.
Stara Planina Hold's investment portfolio includes companies active in machine building, electrical engineering, perfumery and cosmetics.
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