April 25 (SeeNews) - Bulgarian car battery maker MonBat [BUL:5MB] said on Monday its first quarter consolidated pre-tax profit fell 6.5% year-on-year to 8.7 million levs ($5 million/4.4 million euro).
Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) edged down 1.6% to 12.4 million levs in January-March, MonBat said in a statement.
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Consolidated net sales revenues edged up 0.9% year-on-year to 63.9 million levs in the three-month period.
In March alone, the company's pre-tax profit amounted to 3.4 million levs, up 43.4% on an annual basis, while net sales revenues grew 4% to 22.1 million levs.
MonBat operates four plants for manufacturing and recycling of lead-acid batteries, diodes and light-emitting diode luminaires.
(1 euro=1.95583 levs)