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Cosmetics maker Bulgarian Rose meets 10-mo sales forecast

Cosmetics maker Bulgarian Rose meets 10-mo sales forecast Author: Bulgarian Rose / All rights reserved.

SOFIA (Bulgaria), November 22 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] reported on Monday sales revenues of just over 3 million levs ($1.7 million/1.5 million euro) for the first ten months of 2021, meeting its forecast.

Bulgarian Rose booked a preliminary gross profit of 547,000 levs for the January-October period of this year, the company said in a bourse filing.

November sales are projected at 290,000 levs, which would take sales for the eleven months through November to 3.3 million levs, the company also said.

Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs. The company is part of local industrial group Stara Planina Hold [BUL:SPH].

(1 euro = 1.95583 levs)