Bulgaria’s MonBat 9-mo non-cons net profit surges 45%

Its earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 10.8 million levs in the first nine months of 2012 from 9.3 million levs in the same period a year earlier, the company said in a note to investors.

Its non-consolidated sales revenue fell to 122.1 million levs through September from 137.5 million levs a year ago.

The company cut costs for materials to 78.9 million levs in the January-September period from 82.2 million levs a year earlier.

Earnings per share rose to 0.15 levs through September from 0.10 levs in the same period of 2011.

MonBat is majority-owned by Bulgarian lubricants producer Prista Oil.

Blue chip MonBat's shares closed 0.41% lower at 4.8 levs in a volume of 3,176 on the Bulgarian Stock Exchange on Tuesday.

(1 euro=1.95583 Bulgarian levs)