April 19 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Friday that that it booked sales of 10.1 million levs ($5.8 million/5.2 million euro) in the third month of the year, exceeding its forecast for 10 million levs in March sales.
M+S Hydraulic pocketed sales of 11.3 million levs in March 2018.
The company expects to generate a further 10 million levs in sales in April, M+S Hydraulic said in a bourse filing.
M+S Hydraulic's accumulated sales for the January-March period total 29.6 million levs, which compares to previously reported sales of 32.3 million levs in the first quarter of 2018.
Preliminary gross profit totalled 4.9 million levs in the first quarter of 2019, down from 5.9 million levs in the same period of 2018, reported previously.
M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to be around 124 million levs, same as in 2018.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)