November 25 (SeeNews) - Bulgarian car battery maker MonBat [BUL:5MB] said on Friday its January-October consolidated pre-tax profit grew by 18.3% year-on-year, reaching 24.6 million levs ($13.3 million/12.6 million euro).
MonBat's consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by 16.5% on the year to 37.6 million levs in the first ten months of 2016, the company said in a statement.
You can download the 2023 Automotive industry in Southeast Europe report here
Consolidated net sales revenues increased by 2.9% year-on-year, reaching 206.3 million levs in January-October.
In October alone, the company's pre-tax profit rose by an annual 302%, reaching 3 million levs. EBITDA jumped 138.6% to 4.6 million levs.
October net sales revenue increased 14% year-on-year to 26.9 million levs.
MonBat's shares closed at 8.740 levs on the Bulgarian Stock Exchange (BSE) on Friday, up 0.52% from the previous close.
MonBat operates four plants for manufacturing and recycling of lead-acid batteries, diodes and light-emitting diode luminaires.
(1 euro=1.95583 levs)