August 27 (SeeNews) - Bulgarian car battery maker Monbat [BUL:5MB] said that its consolidated profit before taxes soared by 233.8% on the year to 11.06 million levs ($6.3 million/5.7 million euro) in the first seven months of 2019.
The company’s consolidated net sales revenue rose by 14.20% year-on-year to 183.5 million levs in January-July, Monbat said in a bourse filing on Monday.
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Monbat’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA), excluding discontinued operations, increased by an annual 44.5% to 21.09 million levs in the period under review.
In July alone, Monbat posted a profit before taxes of 772,000 levs, up 77.5% year-on-year, backed by a 1.50% increase in revenue, to 24.9 million levs.
As at 8:25 CET on Tuesday, Monbat shares traded 2.31% higher at 6.65 levs on the Bulgarian Stock Exchange.
(1 euro = 1.95583 levs)