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Bulgaria's Monbat 9-mo cons pre-tax profit jumps, revenue grows 11%

Bulgaria's Monbat 9-mo cons pre-tax profit jumps, revenue grows 11% Author: Monbat / License: All rights reserved.

SOFIA (Bulgaria), October 25 (SeeNews) -  Bulgarian car battery maker Monbat [BUL:5MB] said on Friday that its consolidated profit before taxes increased by 238% on the year to 12.2 million levs ($6.9 million/6.2 million euro) in the first nine months of 2019.

The company’s consolidated net sales revenue increased by 11.3% on the year to 237.7 million levs in the January-September period, Monbat said in a bourse filing.

Monbat’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding discontinued operations, increased by an annual 49% to 27.5 million levs in the period under review.

In September alone, Monbat posted a profit before taxes of 1.8 million levs, up 36% year-on-year, backed by an 22.7% increase in revenue, to 27.2 million levs.

Monbat shares closed unchanged at 6.35 levs on the Bulgarian Stock Exchange on Friday.

(1 euro = 1.95583 levs)

 

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