September 7 (SeeNews) - Bulgarian blue-chip car battery maker MonBat raised its consolidated net profit forecast for this year by 10.7% to 18.1 million levs ($13.27 million/9.3 million euro).
The revision of the forecasts was needed to reflect the consolidated results achieved in the second quarter of the year, MonBat said in a statement late on Friday. It did not elaborate.
The company said it sees its 2009 consolidated sales revenue rising to 103.5 million levs, from the previously projected 96.2 million levs, or up by 7.6%.
MonBat reported 7.06 million levs in consolidated net profit in the first half of the year, down from 15.19 million levs a year earlier.
MonBat also said in the statement it expects its pre-tax profit for the first nine months of the year to reach 13.82 million levs, while sales revenue is expected at 79.62 million levs. The pre-tax profit for the third quarter alone is expected at 6.23 million levs, while sales revenue is seen at 32.9 million levs.
MonBat, a component of the blue-chip SOFIX index of the Sofia bourse, rose 1.98% to 7.25 levs by 0800 GMT on Monday.
(1 euro =1.95583 Bulgarian levs)