Earnings for the third quarter of Shumen company "Lavena", which produces products of lavender, rose by 31%. The company handles over 500 acres lavanula and has two distilleries with a capacity exceeding 100 tons. Company "Baltimore" is the majority owner of the company, it owns three-quarters of the shares.
Revenues of "Lavena" managed to increase by 13% to over 11 million. Lev, while lowering the cost of lavender oil on the market, with one-third in 2016. A traditional leader in the production of raw material France, but in 2015. Bulgaria replaced it and became the largest producer of the raw material.
Over 60% of oil of lavender is exported to France, and there is used in cosmetics. Net margin Shumen company "Lavena" improves on an annual basis. Compared to the same period last year, growth was about 1% higher for 2016 General Rate after the first nine months was 10.23%. Regardless of cheaper products, the company was able to account for larger profits for their owners.
With nearly 5 percent rise costs the company an annual basis, this includes manufacturing materials.