January 21 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:HES] said on Friday that its sales revenue went up 39% year-on-year to 70.8 million levs ($41.1 million/36.2 million euro) in 2021.
The company expects sales to reach 7.3 million levs in January, which would represent a 22.2% annual increase, HES said in a bourse filing.
The unaudited gross profit for 2021 amounts to 8.4 million levs, the engineering company added.
On Thursday, shares in HES closed flat at 6.50 levs at the Bulgarian Stock Exchange, bourse data showed.
Yambol-based HES is part of local industrial group Stara Planina Hold [BUL:SPH].
(1 euro = 1.95583 levs)