March 20 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] expects sales revenue to come in at some 63.7 million levs ($34.9 million/32.6 million euro) in the first quarter, it said on Monday.
In the January-February period, M+S Hydraulic booked a preliminary gross profit of 8.56 million levs on sales of 41.5 million levs, the company said in a stock exchange filing.
Turnover in February stood at 20.9 million levs while gross profit amounted to 3.98 million levs.
M+S Hydraulic previously reported sales of roughly 49.5 million levs for the first three months of 2022.
Shares in M+S Hydraulic last traded on Friday when they closed flat at 9.45 levs on the Sofia bourse.
M+S Hydraulic is an affiliate of local diversified group Stara Planina Hold [BUL:SPH].
(1 euro = 1.95583 levs)