Bulgaria’s MonBat 9-mo cons net profit drops 20.1%

SOFIA (Bulgaria), November 30 (SeeNews) – Bulgarian car battery maker MonBat [BUL:5MB] said on Friday its nine-month consolidated net profit fell 20.1% on the year to 10.7 million levs ($7.1 million/5.5 million euro).

MonBat’s consolidated sales revenue rose to 137.1 million levs through September from 129.3 million levs a year ago, the company said in a note to investors.

Earnings per share fell to 0.3 levs in the first nine months from 0.36 levs in the same period of 2011.

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

Blue-chip MonBat's shares closed 0.12% lower at 4.79 levs in a volume of 3,000 on the Bulgarian Stock Exchange on Friday.

(1 euro=1.95583 Bulgarian levs)

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