Stara Planina Hold’s consolidated June’18 revenue up 9.9% YoY; the July sales foreseen up 2.7% YoY (NEUTRAL)

The June’18 preliminary consolidated sales of Stara Planina Hold increased by 9.9% YoY (+3.4% MoM) to BGN 21.6m, which is 1.5% higher than the management’s forecast for the month. The consolidated July sales are foreseen to add 2.7% YoY to BGN 20.4m, thus bringing the 7-mo 2018 revenue to BGN 145.9m (+15.3% YoY).