Cosmetics Maker Bulgarian Rose Grows 2018 Net Profit, Revenue

Cosmetics Maker Bulgarian Rose Grows 2018 Net Profit, Revenue

Cosmetics producer Bulgarian Rose said that its net profit rose by an annual 10.3% to 470,000 levs ($276,000/240,000 euro) in 2018, thanks to a rise in revenue. The company pocketed revenue of 6.9 million levs in 2018, up from 6.8 million levs the year before, Bulgarian Rose said in a financial statement on Wednesday. Expenses increased to 6.38 million levs last year from 6.22 million levs in 2017, following a rise in salary expenses. In July 2018, Bulgarian Rose signed a five-year agreement with China's Beijing Fangcaoziyan Cosmetics Trading Co. for exports of cosmetic products and rose oil. The value of exports is expected to reach 40 million levs in the long run, Bulgarian Rose said at the time. Karlovo-based Bulgarian Rose, established in 1948, manufactures cosmetic products for face, body, and hair using rose oil and locally-grown herbs. Bulgarian Rose, part of blue-chip industrial group Stara Planina Hold [BUL:5SR], has stores in nine cities across Bulgaria.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.