November 22 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems [BUL:HES] said on Tuesday that its sales revenue in the January-November period is expected to be 38.43% higher than a year earlier.
Revenue from sales in November is projected to amount to 8.5 million levs, HES said in a stock exchange filing.
The company's sales revenue increased by 42% year-on-year in the ten months through October, reaching 81.8 million levs ($43 million/41.8 million euro), it added.
The company's preliminary gross profit for October stood at 1.13 million levs, which brought to 10.6 million levs the total gross profit between January and end-October.
Shares in HES traded 0.82% higher at 6.15 levs on the Bulgarian Stock Exchange shortly before the close of Tuesday's trading session.
Yambol-based HES is part of local industrial group Stara Planina Hold [BUL:SPH].
(1 euro = 1.95583 levs)