Bulgaria's Stara Planina Hold projects 36% y/y jump in 11-mo cons sales

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)