Stara Planina Hold Plc announced a Financial Report for the fourth quarter of 2022.
For 2022 we report stable high results. We are raising our expectations and expect the consolidated revenues for the fourth quarter of 2022 to reach BGN 93.5 million thus reporting a 25.5 % growth compared to the same period of the previous year and an increase by over 75 % compared to the same period of 2020. The preliminary summary data show that the consolidated sales for 2022 will be over 34% higher than the sales for 2021 and over 86 % higher than the reported sales for 2020.
We expect the sales for the first quarter of 2023 to reach BGN 98.7 million which will be an almost 13 % growth compared to the same period of 2022 and an increase by over 55 % compared to the first quarter of 2021.
The net profit of Stara Planina Hold Plc as of 31.12.2022 reached BGN 8.09 million which is a growth by 3.72 % compared to the reported net profit in the amount of BGN 7.8 million for the previous year and an increase by 58.63 % compared to the 2020 net profit.
The Board of Directors will propose to the regular annual general meeting of shareholders to continue the tradition of distributing part of the financial result for dividends.