You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

Bulgaria's M+S Hydraulic grows 9-mo cons net profit on higher revenue

Bulgaria's M+S Hydraulic grows 9-mo cons net profit on higher revenue Photo: M+S Hydraulic / All rights reserved.

SOFIA (Bulgaria), November 26 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Friday that its consolidated net profit rose to 14.9 million levs ($8.6 million/7.6 million euro) in the first nine months of 2021 from 9.4 million levs in the comparable period of 2020.

M+S Hydraulic's revenue increased to 111.4 million levs in the nine months through September from 77.8 million levs in the like period a year earlier, the company said in a stock exchange filing.

At the same time, the company's expenses went up to 94.8 million levs from 67.3 million levs, mostly due to higher expenses for materials and salaries.

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

Shares in M+S Hydraulic closed 0.56% higher at 8.90 levs on the Bulgarian Stock Exchange on Friday.

(1 euro = 1.95583 levs)

Compare