November 28 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Wednesday that its consolidated net profit rose to 14.4 million levs ($8.3 million/7.4 million euro) in the January-September period of 2018 from 11.5 million levs in the comparable period of 2017.
The company's operating revenue grew to 97.1 million levs in the first nine months of the year from 82.9 million levs in the same period of last year, M+S Hydraulic said in an interim financial statement.
Operating expenses amounted to 81.1 million levs in the review period, up from 70.1 million levs in the prior-year period.
Expenses for materials increased to 42.4 million levs from 36.8 million levs a year earlier, while salary expenses rose to 20.9 million levs from 17.7 million levs.
As at 11:45 CET on Wednesday, M+S Hydraulic traded flat at 7.75 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)