Bulgaria's Monbat 9-mo cons net profit, revenue flattish y/y

Total operating revenue inched down to 296.1 million levs in January-September from 298.4 million levs a year earlier, the company said in an interim financial statement earlier this week.

Nine-month consolidates revenue from client contracts rose 2.19% year-on-year, reaching just over 288 million levs.

At 133,811 euro ($145,727), the company's exports made up 90.9% of its total sales revenue in the nine months through September. Germany was Monbat's largest market in the reporting period, contributing 13.1 million levs, or just over 9.8%, of the total consolidated export revenue.

The battery maker's nine-month expenses marked a slight increase to 288.9 million levs in the review period from 286.9 million levs a year ago, mostly driven by higher personnel and interest rate costs. Expenses for materials declined by 2.9% on the year to 188.3 million levs.

Monbat serves over 75 markets, of which key ones are Germany, France and Italy. Outside the EU, it also supplies markets such as Ukraine, Serbia, Saudi Arabia, Algeria and Tunisia.

Shares in Monbat traded without change at 4.06 levs as at 1252 CET on Friday. The company's stock has decreased in value by 10.8% in the past 12 months, reaching a market capitalisation of 158.3 million levs, bourse data show.

(1 euro = 1.95583 levs)