May 19 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] expects sales revenue to come in at 104.8 million levs ($57.9 million/53.6 million euro) in the January-May period, it said on Friday.
In the first four months of 2023, M+S Hydraulic booked a preliminary gross profit of 16.7 million levs on sales of 83.2 million levs, the company said in a stock exchange filing.
Turnover in April alone came in at some 20 million levs, while gross profit amounted to 3.5 million levs.
The company previously reported sales of 83.1 million levs for the first five months of 2022.
M+S Hydraulic is an affiliate of local diversified group Stara Planina Hold [BUL:SPH].
As of 1015 CET on Friday, shares in M+S Hydraulic traded flat at 9.50 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)