February 22 (SeeNews) - Bulgarian hydraulic equipment manufacturer M+S Hydraulic [BUL:5MH] said on Thursday it expects its sales revenue to amount to 21.1 million levs ($13.2 million/10.8 million euro) in the first two months of the year.
This compares to sales of 16.3 million levs in January-February 2017, reported previously by the company.
In January alone, M+S Hydraulic posted sales of 10.6 million levs and a preliminary gross profit of 1.9 million levs, the company said in a statement.
Also on Thursday, the company said its consolidated net profit rose to 14.1 million levs in 2017 from 11.8 million levs the year before. The company's total operating revenue grew to 112.6 million levs last year from 94.1 million levs in 2016.
M+S Hydraulic is part of blue-chip diversified group Stara Planina Hold [BUL:5SR].
As at 13:26 CET on Thursday, M+S Hydraulic shares traded 3.03% lower at 8.0 levs.
(1 euro = 1.95583 levs)