Bulgaria's M+S Hydraulic projects 48% jump in 8-mo sales

In the seven months through July, M+S Hydraulic booked a preliminary gross profit of 21 million levs on sales revenue of 123.5 million levs, the company said in a bourse filing on Monday.

M+S Hydraulic previously reported revenue of 96.2 million levs for the January-August period of 2021 as well as a preliminary gross profit of 13.5 million levs over the same period.

In July alone, the hydraulic equipment maker generated a provisional gross profit of 3.9 million levs on revenue of 20.1 million levs.

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

Shares in M+S Hydraulic last traded on Thursday when they closed flat at 8.90 levs on the Bulgarian Stock Exchange (BSE).

(1 euro = 1.95583 levs)