3Q 2016 Consolidated Financial Notification of the company has submitted to the Financial Supervision Commission.
Through the interim report:
Sales in the first nine months reached BGN 143,384 thousand, which is an increase of 6.17% YOY and it is 5.9% higher than business plan.
The consolidated profit of the group for the 3Q 2016 reached BGN 15,539 thousand compared to BGN 12,565 thousand for the same period in 2015, an increase of 23.67%.
We anticipate a reduction in the pace of sales in the last quarter, which is traditionally the weakest on this indicator. This is mainly due to the previously completed stock of our major customers.
In a forecast 40.5 million for 4Q 2016 we expect 183.9 million annual sales, which would lead to an increase of 4.5% compared to 2015.
Consolidated quarter sales incl. updated forecast for 4Q2016 (BGN million)