May 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Wednesday that it booked sales of 10.13 million levs ($5.8 million/5.2 million euro) in April, slightly exceeding its forecast for sales of 9.98 million levs during the month.
M+S Hydraulic pocketed sales of 10.63 million levs in April 2018.
The company expects to generate a further 10.03 million levs in sales in May, M+S Hydraulic said in a bourse filing.
M+S Hydraulic's accumulated sales for the January-April period amount to 39.69 million levs, which compares to previously reported sales of 42.89 million levs in the first four months of 2018.
Preliminary gross profit totalled 6.55 million levs in the January-April period of 2019, down from 7.52 million levs in the same period of 2018, reported previously.
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.
M+S Hydraulic is an affiliate of blue-chip diversified group Stara Planina Hold [BUL:5SR].
(1 euro = 1.95583 levs)