February 26 (SeeNews) - Bulgarian battery maker Monbat [BUL:5MB] said that its consolidated profit before taxes grew by 78.6% year-on-year to 2.1 million levs ($1.2 million/1.1 million euro) in January.
Monbat’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by an annual 41.3% to 3.8 million levs in January, the battery maker said in a statement on Monday.
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The company’s consolidated net sales revenue grew 8.7% to 28.9 million levs in the first month of the year.
As at 9:45 CET on Tuesday, Monbat shares traded 4.11% lower at 7 levs on the Bulgarian Stock Exchange.
Monbat's adjusted consolidated operating profit fell by 74.4% in 2018 on the back of a 5.5% drop in consolidated net sales revenue.
(1 euro = 1.95583 levs)