October 27 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Tuesday that its standalone net profit fell to 9.2 million levs ($5.6 million/4.7 million euro) in the first nine months of 2020 from 10.9 million levs in the same period of 2019.
M+S Hydraulic's revenue decreased to 76.4 million levs in the first three quarters of the year from 85.6 million levs in the comparable period of 2019, the company said in an interim financial statement.
Expenses declined to 66.2 million levs in the review period from 73.5 million levs the year before, due to lower expenses for materials.
M+S Hydraulic expects that its full-year sales will reach some 100 million levs.
(1 euro = 1.95583 levs)