May 17 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:4HE] said on Friday that it posted sales revenue of 5.5 million levs ($3.1 million/2.8 million euro) in April, missing its forecast for sales of 6.15 million levs in the fourth month of the year.
HES' accumulated January-April sales rose 10.50% year-on-year to 24.2 million levs, the company said in a bourse filing.
The machine engineering company expects sales of 5.4 million levs in May, which would result in a 9.24% rise in its accumulated January-May sales.
HES' preliminary gross profit in January-April amounted to 2.5 million levs.
HES is part of blue-chip industrial group Stara Planina Hold [BUL:5SR].
(1 euro=1.95583 levs)