November 23 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said that it has booked sales revenue of 106.27 million levs ($61.8 million/54.3 million euro) in the first ten months of 2018, slightly exceeding its forecast for 106.16 million levs in sales, made last month.
The company's sales revenue amounted to 92.60 million levs in the comparable period of 2017.
M+S Hydraulic expects to post sales revenue of 10.06 million levs in November, bringing its total sales for the 11-month period to 116.33 million levs, the company said in a statement on Wednesday.
Last year, M+S Hydraulic reported sales of 103.61 million levs in January-November, of which 11.01 million levs in November alone.
The company booked a preliminary gross profit of 15.3 million levs in the first ten months of 2018.
M+S Hydraulic is part of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)