August 25 (SeeNews) - Bulgarian car battery maker MonBat [BUL:5MB] said on Thursday its January-July consolidated pre-tax profit rose 0.4% year-on-year to 16.5 million levs ($9.5 million/8.4 million euro).
The company's consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by an annual 3.0% to 25 million levs in the six-month period, MonBat said in a statement, filed with Sofia's stock exchange.
Consolidated net sales revenues declined 3.2% year-on-year to 131.4 million levs through July.
In July alone, the company's pre-tax profit jumped by an annual 63% to 2.4 million levs and EBITDA rose 26.5% to 3.6 million levs, although net sales revenues decreased 11% to 18.9 million levs.
MonBat shares traded at 7.255 levs on the Bulgarian Stock Exchange (BSE) as at 12:35 local time on Thursday, down 0.48% from the previous close.
MonBat operates four plants for manufacturing and recycling of lead-acid batteries, diodes and light-emitting diode luminaires.
(1 euro=1.95583 levs)