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Nov 16, 2017 18:11 EEST
November 16 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Thursday its consolidated net profit rose to 11.5 million levs ($7.0 million/6.0 million euro) in the nine months through September, from 10.2 million levs in the like period of 2016.
Operating revenue increased to 82.7 million levs in the January-September period, compared to 72.5 million levs the year before, M+S Hydraulic said in a bourse filing.
The company’s operating expenses increased to 70.1 million levs in the review period from 61.2 million levs a year earlier.
Earlier on Thursday, M+S Hydraulic [BUL:5MH] said its gross profit amounted to 15.2 million levs in the first ten months of the year, which compares to a gross profit of 13.1 million levs for the same period of 2016, reported previously by the company.
Sales revenue amounted to 92.6 million levs in January-October, M+S Hydraulic said. Sales in November are seen at 9.9 million levs, according to the statement.
M+S Hydraulic is a manufacturer of low speed, high torque, orbital hydraulic motors, hydrostatic steering units, valves, brakes and accessories. The company is a unit of Bulgaria's Stara Planina Hold [BUL:5SR].
M+S Hydraulic shares closed 2.16% higher at 8.0 levs on the Bulgarian Stock Exchange on Thursday.
(1 euro = 1.95583 levs)
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