August 19 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:MSH] said on Friday that its consolidated net profit rose to 16.7 million levs ($8.6 million/8.5 million euro) in the first half of 2022 from 9.2 million levs in the same period a year earlier.
M+S Hydraulic's total revenue went up to 106.6 million levs in the six months through June from 71.3 million levs in the prior-year period, the company said in an interim financial report.
The hydraulic equipment maker's expenses also recorded an increase, to 87.9 million levs from 60.9 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).
The company has a market capitalisation of some 351.1 million levs.
(1 euro = 1.95583 levs)