April 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Thursday that it expects to generate sales of 45.9 million levs ($28.3 million/23.5 million euro) in the first four months of 2021.
M+S Hydraulic reported sales of 37.6 million levs in the January-April period of 2020.
In the first quarter of 2021, M+S Hydraulic booked a preliminary gross profit of 5.3 million levs and sales of 33.6 million levs, the company said in a stock exchange filing.
This compares to a net profit of 3.9 million levs on revenue of 28 million levs in the first quarter of 2020, according to previously reported figures.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:SPH].
(1 euro = 1.95583 levs)