4Q 2015 Consolidated Financial Report of the company has submitted to the Financial Supervision Commission.
Through the interim report:
The consolidated profit of the group reached BGN 14,095 thousand compared to BGN 12,565 thousand at the end of 3Q 2015.
Sales in the last quarter reached BGN 40,399 thousand which is a decrease of 4.53% YoY but comparable to the business plan.
The Board of Directors of Stara Planina Hold maintains announced early 2016 forecasts. We expect the sales slowdown to decline on an annual basis. 1Q 2016 consolidated sales will be about 1.0% lower than sales in 1Q 2015. In the second quarter, which is traditionally the strongest, the sales will grow by 3% YoY. The first half of 2016 will be 1.2% stronger than the first half of 2015.
Consolidated Sales (BGN'm)