SOFIA (Bulgaria), August 22 (SeeNews) – Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Monday its consolidated pre-tax profit rose by 23% to 7.14 million levs ($4.13 million/3.64 million euro) in the first half of the year.
Consolidated net revenues added 3.6% to 49.1 million levs in the first six months of the year, M+S Hydraulic said in a bourse filing.
According to a report of its parent company - Stara Planina Hold, M+S Hydraulic is expected to post sales revenue of 7.0 million levs in August alone and 64.1 million levs for the first eight months of the year,
M+S Hydraulic is a manufacturer of low speed, high torque, orbital hydraulic motors, hydrostatic steering units, valves, brakes and accessories. The company is a unit of Stara Planina Hold.
(1 euro=1.95583 levs)