January 20 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Friday that its sales revenue reached 217.1 million levs ($120.05 million/111 million euro) in 2022, slightly above its projection of 217 million levs.
In December alone, sales came in at 15.1 million levs, a little over M+S Hydraulic’s forecast of 14.98 million levs, the company said in a bourse filing.
Preliminary gross profit amounted to some 36.6 million levs in 2022, including 645,000 levs in December.
The company expects January sales to reach 19.7 million levs, with a projected revenue of 222 million levs for the full 2023.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:SPH].
Shares in the company last traded at 9.10 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)