February 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Thursday its consolidated net profit rose to 14.1 million levs ($8.8 million/7.2 million euro) in 2017 from 11.8 million levs the year before.
The company's total operating revenue grew to 112.6 million levs last year from 94.1 million levs in 2016, M+S Hydraulic said in an annual financial statement.
M+S Hydraulic's total operating expenses increased to 96.9 million levs in 2017 from 80.9 million levs a year earlier.
M+S Hydraulic is part of blue-chip diversified group Stara Planina Hold [BUL:5SR].
As at 13:20 CET on Thursday, M+S Hydraulic shares traded 3.03% lower at 8.0 levs.
(1 euro = 1.95583 levs)