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Cosmetics maker Bulgarian Rose slightly exceeds Sept sales fcast

Author Mario Tanev
Cosmetics maker Bulgarian Rose slightly exceeds Sept sales fcast Author: Bulgarian Rose / All rights reserved.

SOFIA (Bulgaria), October 22 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:4BH] said on Tuesday that it pocketed sales revenue of 325,000 levs ($185,000/166,000 euro) in September, exceeding its forecast for 302,000 levs in monthly revenue.

The company's accumulated sales in the first nine months of the year amounted to 4.79 million levs, Bulgarian Rose said in a bourse filing.

Bulgarian Rose generated revenue of 4.45 million levs in the January-September period of 2018, according to previously reported data.

Sales in October are projected at 440,000 levs, down from its October 2018 sales of 600,000 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)