December 30 (SeeNews) - Bulgarian car battery maker Monbat [BUL:5MB] said that its consolidated profit before taxes increased by 188% on the year to 18.0 million levs ($10.3 million/9.2 million euro) in the eleven months through November.
The company’s consolidated net sales revenue rose by 11.7% year-on-year to 310.5 million levs in January-November, Monbat said in a bourse filing on Friday.
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Monbat’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding discontinued operations, increased by an annual 46.1% to 34.4 million levs in the period under review.
In November alone, Monbat's profit before taxes amounted to 1.6 million levs, while revenue rose 6.3% to 33.9 million levs.
As at 14:45 on Monday Monbat's shares were trading 1.57% higher at 6.45 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)