October 21 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Monday that it booked sales of 9.18 million levs ($5.24 million/4.69 million euro) in September, roughly in line with its forecast for sales of 9.11 million levs during the month.
The company expects to generate a further 9.32 million levs in sales in October, M+S Hydraulic said in a bourse filing.
M+S Hydraulic pocketed sales of 9.31 million levs and 11.20 million levs in September and October 2018, respectively, according to data reported previously by the company.
The company reported accumulated sales of 95.07 million levs in the January-September period of 2019, and a preliminary gross profit of 12.11 million levs. In the first nine months of 2018, the company announced sales of 85.53 million levs and a preliminary gross profit of 15.58 million levs.
M+S Hydraulic said at the end of 2018 that it expects its revenue in 2019 to be around 124 million levs, same as in 2018.
As at 12:30 CET on Monday, M+S Hydraulic shares traded 1.64% lower at 6.0 levs on the Bulgarian Stock Exchange.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)