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Bulgaria's Monbat 11-mo cons pre-tax profit grows 69%

Author Vasil Kolchev
Bulgaria's Monbat 11-mo cons pre-tax profit grows 69% Author: Monbat / License: All rights reserved.

SOFIA (Bulgaria), December 30 (SeeNews) - Bulgarian battery manufacturer Monbat [BUL:MONB] said that its consolidated pre-tax profit from ongoing operations increased by 69% year-on-year in the first eleven months of 2021, reaching 23 million levs ($13.3 million/11.7 million euro).

Consolidated net sales revenue rose by an annual 21% to some 336.6 million levs in the eleven months through November, the company said in a bourse filing on Wednesday.

Monbat’s consolidated earnings before interest, taxes, depreciation, and amortisation (EBITDA) went up 25% year-on-year to 44 million levs in the review period.

In November alone, Monbat's consolidated profit before taxes from ongoing operations soared by an annual 194.6% to 4.5 million levs. Sales added 46.6% to 40.6 million levs.

(1 euro = 1.95583 levs)

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