The First half of 2019 Financial Report of the company has submitted to the Financial Supervision Commission.
Through the interim report:
The profit of Stara Planina Hold Plc in the first half of the year reached BGN 6679 thousand, 9.13% higher than the same period last year.
The first half of 2019 shows lower than projected results. Preliminary summaries indicate that the results are comparable to published expectations. Consolidated sales for 1H 2019 being 3.3% lower than sales in the same period in 2018 and 1.3% below the business plan. We expect net sales revenues to reach BGN 121.9 million in the first half of the year.
We expect sales for FY 2019 to reach over BGN 230.8 million, down 3.8% compared to FY 2018 sales.
Consolidated half-year sales incl. updated forecast for 2019 (BGN million)