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Bulgaria's M+S Hydraulic expects higher 10-mo sales

Bulgaria's M+S Hydraulic expects higher 10-mo sales Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), October 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Friday that it expects to close the first ten months of 2021 with sales of some 123.4 million levs ($73.4 million/63.1 million euro).

In the first nine months of this year, M+S Hydraulic booked a preliminary gross profit of 16.2 million levs on sales of 110.3 million levs, the company said in a bourse filing.

M+S Hydraulic previously reported sales of 84.2 million levs for the first ten months of 2020, as well as a preliminary profit of 10.2 million levs on sales of 73.7 million levs for the first nine months of last year.

As at 12:25 CET on Friday, shares in M+S Hydraulic traded 1.16% higher at 8.75 levs on the Bulgarian Stock Exchange.

M+S Hydraulic is an affiliate of diversified group Stara Planina Hold [BUL:SPH].

(1 euro = 1.95583 levs)

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