Bulgaria's MonBat Jan cons pre-tax profit rises sharply

SOFIA (Bulgaria), February 26 (SeeNews) – Bulgarian car battery producer MonBat [BUL:5MB] said on Tuesday its consolidated pre-tax profit rose by an annual 951% to 2.96 million levs ($1.98 million/1.51 million euro) in January.

The company’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 189% to 4.1 million levs in January, compared to the same month of 2012, the MonBat said in a statement.

MonBat’s net sales revenue increased by an annual 101% to 24.87 million levs in the period under review.

(1 euro = 1.95583 Bulgarian levs)

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