27.10.2022

Stara Planina Hold Plc announced a Financial Report for the nine months of 2022.

Documents: 
Explanatory Notes
Financial Report
Declarations

The preliminary summary data indicates that consolidated sales for the nine months of 2022 will be nearly 37% higher than sales for the same period of 2021 and more than 90 % higher than reported sales in the nine months of 2020.

The net profit of Stara Planina Hold Plc as of 30.09.2022 reached BGN 8 409 thousand, which represents a growth by 7 % compared to the reported net profit of BGN 7 859 thousand for the same period of the previous year and an increase by over 57 % compared to the profit for the nine months of 2020.

We expect the consolidated revenues for the third quarter of 2022 to reach BGN 96.2 million and thus we will report an increase by over 33 % compared to the same period of the previous year and an increase by over 117 % compared to the same period of 2020. With the forecast revenues for the nine months of 2022, we expect to report an increase by over 25 % compared to the same period of the previous year and an increase by over 88 % compared to the nine months of 2020. We update our forecasts by expecting sales in 2022 to exceed BGN 367 million - with over 32 % growth compared to 2021.