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Bulgaria's M+S Hydraulic boosts Jan-Sept gross profit

Oct 20, 2017, 4:28:10 PMArticle by Mario Tanev
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SOFIA (Bulgaria), October 20 (SeeNews) – Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Friday its gross profit amounted to 13 million levs ($7.8 million/6.6 million euro) in the first nine months of the year.

Bulgaria's M+S Hydraulic boosts Jan-Sept gross profit
Author: Ken Teegardin. Licence: Creative Commons.

This compares to a gross profit of 11.8 million levs for the same period of 2016, as previously reported by the company.

Sales revenue amounted to 81.6 million levs in January-September, M+S Hydraulic said in a statement.

In January-September last year, M+S Hydraulic booked sales revenue of 72 million levs, the company said earlier.

In September alone, M+S Hydraulic posted a non-consolidated gross profit of 1.95 million levs and sales of 9.7 million levs.

It projected sales of 10.3 million levs for October.

(1 euro=1.95583 levs)

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