April 11 (SeeNews) - Bulgarian fertilisers producer Neochim [BUL:3NB] said that it expects to book sales revenue of 302.3 million levs ($174 million/155 million euro) in 2019, up from sales of 220.7 million levs last year.
The company expects to generate revenue of 232 million levs from the sale of 575,000 t of ammonium nitrate in 2019, Neochim said in a bourse filing earlier this week.
Last year, the company sold some 456,000 t of ammonium nitrate for 170.7 million levs.
Ammonium nitrate sales are expected to grow by around 50% to 390,000 t, while sales abroad are expected to remain relatively unchanged at 194,000 t.
Neochim closed 2018 with a consolidated net loss of 24.7 million levs, after booking a net profit of 11.7 million levs in 2017.
(1 euro = 1.95583 levs)