Bulgaria's Monbat reports 14.2% fall in cons pre-tax profit from ongoing ops

The company's reported results exclude its discontinued LED lighting operations.

Monbat’s earnings before interest, taxes, depreciation and amortisation (EBITDA) increased by an annual 2.7% to 27.8 million levs in the January-September period of 2020, the battery maker said in a statement.

The company’s consolidated net sales revenue fell 5.7% to 218.2 million levs in the first nine months of 2020.

In September alone, Monbat's consolidated profit before taxes from ongoing operations rose 6.3% to 1.9 million levs supported by a 3.1% increase in sales, to 28.1 million levs.

(1 euro = 1.95583 levs)