The Bulgarian cellulose manufacturer Svilosa has reported that it has succeeded in increasing its sales from 120 million Bulgarian Lev (i.e. 61.4 million euro) in 2017 to 152.5 million (78 million euro) in 2018, an increase by 27.1% on an annual basis.
This improved financial performance by the company has allowed Svilosa to double its net profits from 13.9 million (€ 7.1 million) in 2017 to about 30.8 million (€ 15.7 million) last year.