Bulgaria's MonBat Q1 cons pre-tax profit rises 26% y/y

Bulgarian car battery producer MonBat [BUL:5MB] said its consolidated pre-tax profit rose by an annual 26% to 5.52 million levs ($3.67 million/2.82 million euro) in the first quarter of the year.

The company’s consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 15% on the year to 8.9 million levs in the January-March period, MonBat said in a statement on Friday.

MonBat’s net sales revenue increased by an annual 40% to 64.46 million levs in the first three months of the year.

In March alone, the company’s consolidated pre-tax profit dropped 99% on the year to 24,000 levs while its sales revenue rose 6.0% to 19.88 million levs.

(1 euro = 1.95583 Bulgarian levs)

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