December 19 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Wednesday that it expects its sales revenue to rise to 123.9 million levs ($72.2 million/63.3 million euro) in 2018 and remain around 124 million levs in 2019.
The company reported sales revenue of 110.8 million levs in 2017.
M+S Hydraulic posted sales revenue of 116.3 million levs in January-November of this year and a preliminary gross profit of 15.8 million levs, the company said in a bourse filing.
In November alone, M+S Hydraulic recorded sales of 10.0 million levs and a gross profit of 561,000 levs.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
As at 9:10 CET on Wednesday, M+S Hydraulic shares traded 0.64% lower at 7.8 levs.
(1 euro = 1.95583 levs)