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Bulgaria's Hydraulic Equipment Maker M+S Hydraulic 9-mo Net Profit Up 57.1% - Table

Oct 30, 2008, 7:18:55 PMArticle by Iva Doneva
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October 30 (SeeNews) - Bulgarian blue-chip hydraulic equipment manufacturer M+S Hydraulic said on Thursday its net profit increased 57.1% on the year to 6.0 million levs ($4.0 million/3.1 million euro) through September.

Bulgaria's Hydraulic Equipment Maker M+S Hydraulic 9-mo Net Profit Up 57.1% - Table

Following are details from M+S Hydraulic's unconsolidated financial report sent to the Bulgarian Stock Exchange (in millions of levs):

Jan-Sept'08 Jan-Sept'07 2007 (audited)
NET PROFIT 6.012 3.826 4.140
PRE-TAX PROFIT 6.012 3.826 4.640
SALES REVENUE 64.078 57.372 76.217
TOTAL REVENUE 64.083 57.378 76.267
TOTAL COSTS 57.403 53.127 71.627

M+S Hydraulic said last month it sees its sales rising 17-20% in 2009 from the 79 million levs expected this year.

The company, set up in 1963, manufactures hydraulic motors, steering units, valves and brakes.

Shares of M+S Hydraulic, part of the blue-chip SOFIX index of the bourse in Sofia, closed 0.67% lower at 5.89 levs on a volume of just 50 stocks on Thursday. The company posted its financial results after the close of bourse trading.

(1 euro = 1.95583 Bulgarian levs)

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