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Dec 19, 2017 16:15 EEST
December 19 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:4HE] said on Tuesday it expects its sales revenue to increase by an annual 19.3% to 54.9 million levs ($33.2 million/28.1 million euro) in 2017.
In the first 11 months of the year, HES’s sales revenue rose by 20.0% year-on-year to 51.7 million levs.
The company’s gross profit grew 24.2% year-on-year to 5.5 million levs in the period January-November.
In November alone, the company recorded sales of 5.2 million levs and a gross profit of 619,000 levs.
HES is a subsidiary of blue-chip industrial group Stara Planina Hold [BUL:5SR].
(1 euro=1.95583 levs)
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