M+S Hydraulic Profit Up 30% in 1H

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The 1H profit of M+S Hydraulic () has increased nearly 30% year-on-year, reaching 2.94 mln leva (1.503 mln euros), compared with 2.27 mln leva (1.160 mln euros) a year ago, shows the company's non-consolidated report. That equals 0.23 leva per share.

Rtevenues climb 28% to 37.34 mln leva (19.091 mln euros) in the first six months of the year, against 29.17 mln leva (14.914 mln euros) in the respective period a year ago.

The company posts a significant increase under „Other Revenues“ which surge from 148,000 leva (75,671 euros) last year, to 1.83 mln leva (935,664 euros) as of June 2007. Costs rise 28.5%, mainly due to rising costs in the core cativity.

The comapny's stock was among the most liquid ones on the BSE during the firts six months of the year. More than 540,000 shares changed hands in 2,155 deals over the period.

230 shares have been transferred so far today on the BSE, adding 0.4% to an average price of 11 leva/share.

The price of the stock has increased 56.8% over the past year, and 23% over the past six months.

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