29.01.2024

Stara Planina Hold Plc announced a Financial Report for the fourth quarter of 2023.

Documents: 
Explanatory Notes
Financial Report
Declarations

Against thе background of the effects of the dynamic global changes and the superimposed crises one after another, the results for the year 2023, reported by the companies in the group of Stara Planina Hold Plc, continue being high but with a clear trend for a significant decrease, both in the last quarter of 2023 and in the first months of 2024.

We confirm our expectations for the consolidated sales in the last quarter of the year to be around BGN 70 million. On an annual basis, we expect the consolidated sales revenue of Stara Planina Hold Plc to reach BGN 374 million which is at the level of the previous year and represents a growth by about 34 % compared to the sales in 2021.

We expect the sales for the first quarter of 2024 to be BGN 79.4 million which will be an almost 26 % decrease compared to the same period of 2023 and a decrease by approximately 9 % compared to the first quarter of 2021.

The net profit of Stara Planina Hold Plc as of 31.12.2023 reached BGN 9.3 million which is a growth by 17.9 % compared to the reported net profit in the amount of BGN 8.1 million for the previous year and an increase by 19.17 % compared to the 2021 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.

June 6th, 2024 is the preliminary date for holding the regular annual general meeting of the shareholders.