April 30 (SeeNews) - Cosmetics maker Bulgarian Rose said that its net loss widened to 126,000 levs ($72,000/64,000 euro) in the first quarter of 2019 from 38,000 levs in the same period of last year.
The company's revenue fell to 889,000 levs in the first three months of the year from 944,000 levs in the comparable period of 2018, Bulgarian Rose said in an interim financial statement last week.
Bulgarian Rose's total expenses rose to 1.02 million levs in the review period from 982,000 levs the year before.
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)