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Nov 21, 2017 12:01 EEST
SOFIA (Bulgaria), November 21 (SeeNews) – Bulgarian machine engineering company Hydraulic Elements and Systems (HES) [BUL:4HE] said on Tuesday it expects its sales revenue for the 11 months through November to increase by 20% on the year to 51.7 million levs ($31.0 million/26.4 million euro).
In November alone, sales are projected at 5.2 million levs, HES said in a statement.
In the first ten months of the year, HES’s sales revenue rose by an annual 19% to 46.5 million levs. In October alone, sales totalled 5.2 million levs.
The company’s ten-month gross profit grew 20% year-on-year to 4.8 million levs. In October alone, HES posted a gross profit of 647,000 levs.
HES is a subsidiary of blue-chip industrial group Stara Planina Hold [BUL:5SR].
(1 euro=1.95583 levs)
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