June 25 (SeeNews) - Bulgarian car battery maker Mondat said on Tuesday that its consolidated profit before taxes soared by 186.7% on the year to 8.72 million levs ($5.1 million/4.5 million euro) in the first five months of 2019.
The company’s consolidated net sales revenue rose by 23.6% year-on-year to 137.63 million levs in January-May, Monbat said in an interim financial statement on Monday.
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Monbat’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by an annual 51.7% to 17.0 million levs in the period under review.
In May alone, Monbat generated a pre-tax profit of 619,000 levs, 50.20% lower compared to the same month of 2018. Net sales revenue increased by an annual 3.6% to 26.6 million levs, whereas EBITDA more dropped 21.5% to 2.3 million levs.
(1 euro = 1.95583 levs)