Bulgaria's M+S Hydraulic lowers 9-mo cons net profit, revenue

M+S Hydraulic lowered its operating revenue to 87.3 million levs in the January-September period of 2019 from 97.1 million levs in the comparable period of last year, the company said in an interim financial statement.

The company's operating expenses decreased to 75.2 million levs in the review period from 81.1 million levs the year before, as expenses for materials dropped to 37.6 million levs from 42.5 million levs a year earlier.

M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to amount to some 124 million levs, same as in 2018.

M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].

(1 euro = 1.95583 levs)