October 20 (SeeNews) - Cosmetics producer Bulgarian Rose [BUL:ROZA] said on Thursday its sales reached 3.87 million levs ($1.94 million/1.98 million euro) in the first nine months of 2022, slightly exceeding the company’s forecast of 3.84 million levs.
Bulgarian Rose also booked a preliminary profit of 301,000 levs in the nine months through September, it said in a stock exchange filing.
In September alone, preliminary profit amounted to 37,000 levs, while sales came in at 331,000 levs, beating the firm’s expectations of 300,000.
Looking ahead, Bulgarian Rose forecast sales of 280,000 levs for October that would bring its ten-month sales at 4.15 million levs.
Bulgarian Rose posted sales of 2.8 million levs and a preliminary profit of 401,000 levs for the first nine months of 2021, it said earlier.
Shares in the company last traded at 1.59 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show. The firm's equity capital is divided into 5.35 million shares with a par value of 1 lev each.
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 blue-chip industrial group Stara Planina Hold [BUL:SPH].
(1 euro = 1.95583 levs)