November 22 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:4BH] said on Friday that it pocketed sales revenue of 469,000 levs ($265,000/240,000 euro) in October, exceeding its forecast for 440,000 levs in monthly revenue.
The company's accumulated sales in the first ten months of the year amounted to 5.44 million levs, Bulgarian Rose said in a bourse filing.
Bulgarian Rose generated revenue of 5.05 million levs in the January-October period of 2018, according to previously reported data.
Sales in November are projected at 226,000 levs, down from its November 2018 sales of 1.3 million levs, reported previously.
Earlier this year, Bulgarian Rose terminated its deal with Beijing Fangcaoziyan Cosmetics Trading Co. for exports of cosmetic products and rose oil due to the Chinese company's systemic failure to adhere to the agreement.
Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs.
Bulgarian Rose, part of blue-chip industrial group Stara Planina Hold [BUL:5SR], has stores in nine cities across Bulgaria.
(1 euro = 1.95583 levs)