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Cosmetics maker Bulgarian Rose meets 8-mo sales forecast

Cosmetics maker Bulgarian Rose meets 8-mo sales forecast Author: Bulgarian Rose / All rights reserved.

SOFIA (Bulgaria), September 23 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] reported a sales revenue of over 2.4 million levs ($1.4 million/1.2 million euro) for the first eight months of 2021, meeting its sales forecast of 2.38 million levs for the period.

Bulgarian Rose booked a preliminary gross profit of 328,000 levs in the January-August period of 2021, the company said in a bourse filing earlier this week.

September sales are projected at 310,000 levs, which would take sales in the first nine months to about 2.7 million levs, the company 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)

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