April 22 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:4BH] said on Monday that it pocketed sales of 430,000 levs ($247,000/220,000 euro) in March, sharply exceeding its forecast for 260,000 levs in monthly revenue.
The company's accumulated first quarter sales amounted to 829,000 levs, Bulgarian Rose said in a bourse filing.
Sales in April are projected at 512,000 levs.
Last year, Bulgarian Rose generated revenue of 895,000 levs in the first quarter, and a further 407,000 levs in April.
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)