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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)