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Nov 22, 2022 13:43 EEST
November 22 (SeeNews) - Bulgarian diversified group Stara Planina Hold [BUL:SPH] said on Tuesday it expects its consolidated sales revenue to grow by an annual 35.94% to some 347.4 million levs ($182.5 million/177.6 million euro) in the eleven months through November.
Stara Planina Hold booked a 36.75% year-on-year increase in revenue to 312.2 million levs in the January-October period, the group said in a trading update filed with the Bulgarian Stock Exchange.
The total preliminary gross profit of the company's four main subsidiaries, including cosmetics manufacturer Bulgarian Rose [BUL:ROZA] and M+S Hydraulic [BUL:MSH], amounted to some 43.7 million levs in the January-October period, according to data from the statement. Car battery maker Elhim Iskra [BUL:ELHM] was the only subsidiary which posted a pre-tax loss over the period.
All four main subsidiaries are forecast to increase their sales revenues in the double digits in the first eleven months of 2022.
Shares in Stara Planina Hold closed flat at 9.30 levs in its most recent trading session on the Sofa bourse on Monday.
Stara Planina Hold's investment portfolio includes companies active in machine building, electrical engineering, perfumery and cosmetics.
(1 euro = 1.95583 levs)
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