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Bulgaria's Monbat posts 53.8% drop in Jan cons pre-tax profit, lowers sales

Author Mario Tanev
Bulgaria's Monbat posts 53.8% drop in Jan cons pre-tax profit, lowers sales Author: Monbat / License: All rights reserved.

SOFIA (Bulgaria), February 26 (SeeNews) - Bulgarian battery maker Monbat [BUL:5MB] said that its consolidated profit before taxes dropped by 53.8% to 959,000 levs ($533,000/490,000 euro) in January.

Monbat’s earnings before interest, taxes, depreciation and amortisation (EBITDA) decreased by an annual 24.1% to 2.68 million levs in January, the battery maker said in a statement on Tuesday.

The company’s consolidated net sales revenue fell 9.5% to 25.7 million levs in the first month of the year.

Monbat shares closed 0.79% lower at 6.3 levs on the Bulgarian Stock Exchange on Tuesday.

(1 euro = 1.95583 levs)

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