January 23 (SeeNews) - Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:HES] said on Monday that its sales revenue went up 34.58% on the year to 95.3 million levs ($52.75 million/48.73 million euro) in 2022.
In December alone, the company’s sales came in at some 4.89 million levs, HES said in a bourse filing.
Preliminary gross profit for 2022 amounted to 10.7 million levs, the company added.
Sales revenue is expected to come in at 8.6 million levs, which would represent a 14.85% increase in annual terms.
Yambol-based HES is part of local industrial group Stara Planina Hold [BUL:SPH].
As of 1555 CET on Monday, shares in HES traded flat at 6.65 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)