Bulgaria’s MonBat 2012 non-cons net profit rises 27.1%

Bulgarian car battery maker MonBat [BUL:5MB] said its 2012 non-consolidated net profit rose by 27.1% to 9.36 million levs ($6.5 million/4.8 million euro).

Its non-consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 16.7 million levs last year from some 15 million levs in 2011, the company said in a note to investors on Wednesday.

Non-consolidated earnings before interest and taxes (EBIT) amounted to some 11.8 million levs, up from 10.8 million levs a year earlier.

MonBat's 2012 non-consolidated sales revenue decreased by 7.13% to 182.1 million levs.

Earnings per share rose to 0.26 levs in the period under review from 0.20 levs in 2011.

MonBat is majority-owned by Bulgarian lubricants producer Prista Oil.

Blue chip MonBat's shares last traded on the Bulgarian Stock Exchange on Wednesday, when they closed 6.48% higher at 6.1 levs in a volume of 5,360.

(1 euro=1.95583 Bulgarian levs)

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