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April 21 (SeeNews) – Cosmetics producer Bulgarian Rose [BUL:ROZA] said on Friday that its sales revenue came in at 729,000 levs ($407,900/372,700 euro) in the first quarter of 2023, beating its 686,000 levs target.
The company recorded a preliminary loss of 27,000 levs in March alone, while sales stood at 278,000 levs, Bulgarian Rose said in a bourse filing. In comparison, it posted a loss of 24,000 levs and sales of 997,000 levs for the same month of last year.
Sales in April are forecast at 352,000 levs, bringing revenue in the first four months of this year to some 1.1 million levs.
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].
Shares in Bulgarian Rose last traded at 1.70 levs on the BaSE market of the Bulgarian Stock Exchange, bourse data show.
(1 euro = 1.95583 levs)
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