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Bulgaria's M+S Hydraulic expects rise in 9-mo sales

Bulgaria's M+S Hydraulic expects rise in 9-mo sales Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), September 20 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Monday that it expects to close the first nine months of 2021 with sales of some 110.2 million levs ($66.0 million/56.3 million euro).

In the first eight months of this year, M+S Hydraulic booked a preliminary gross profit of 13.6 million levs on sales of 96.2 million levs, the company said in a bourse filing.

M+S Hydraulic previously reported sales of 73.7 million levs for the first nine months of 2020, as well as a preliminary profit of 8.2 million levs on sales of 66.3 million levs for the first eight months of last year.

As at 15:45 CET on Monday, shares in M+S Hydraulic traded flat at 8.30 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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