October 27 (SeeNews) - Bulgarian blue-chip car battery maker MonBat said on Tuesday its pre-tax profit for the first nine months of the year fell 43.23% to 13.2 million levs ($10 million/6.7 million euro).
Company sales totalled 80.5 million levs through September, down 40.47% year-on-year, the company said in a statement. A total of 70.5 million levs of the sales came from production.
MonBat's September pre-tax profit was 25.34% lower on the year, while its sales dropped 10.11% year-on-year to 13.1 million levs in the same month.
The company, majority-owned by Bulgarian lubricants producer Prista Oil, has subsidiaries in Romania and Serbia. It exports to Germany, the Netherlands, Ukraine, Romania and Serbia. Exports generate around 85% of its total revenue.
MonBat shares, part of the blue chip SOFIX index on the Bulgarian Stock Exchange, advanced 0.69% to 7.3 levs in a volume of 1,867 shares on Tuesday.
(1 euro = 1.95583 Bulgarian levs)