Bulgaria's Stara Planina Hold sees Jan-Sept sales to go up

SOFIA (Bulgaria), September 23 (SeeNews) – Bulgaria’s industrial group Stara Planina Hold [BUL:5SR] said on Tuesday it expects its sales to grow by 2.99% to 138.5 million levs ($91.2 million/70.8 million euro) in the period January-September.

The sales of the holding company’s subsidiaries Hydraulic Elements&Systems [BUL:4HE] and M+S Hydraulic [BUL:5MH] are seen to rise by 10.54% and 5.38%, respectively, by the end of September, while those of battery manufacturer Elhim-Iskra [BUL:52E] are expected to go down by 6.99%, the holding company said in a bourse filing.

Stara Planina Hold’s sales through August increased by 3.44% to 123.2 million levs. Last month alone, they amounted to over 11.6 million levs.

M+S Hydraulic’s sales in the eight-month period increased 5.78% to 62.2 million levs. Hydraulic Elements&Systems (HES) posted a 11.35% rise to some 29.6 million levs. Elhim-Iskra recorded a drop of 10.06% to18.2 million levs.

(1 euro = 1.95583 Bulgarian levs)

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