January 27 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Wednesday that its standalone net profit rose to 14.3 million levs ($8.8 million/7.3 million euro) in 2020 from 12.8 million levs the year before.
M+S Hydraulic's revenue edged down to 108.3 million levs last year from 109.1 million levs in 2019, it said in an annual financial statement.
The company's expenses fell to 92.4 million levs from 94.9 million levs, mostly due to lower expenses for materials.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)