Monbat April Sales Up 82.75% Y/Y

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Monbat April Sales Up 82.75% Y/Y

Monbat's () April sales totaled 14.73 mln leva (7.5 mln euros), which is 82.75% up compared with April 2007, the company said.

Jan – April revenues stand at 70.12 mln leva (35.8 mln euros), which is a hike of 162.62% compared with the past year.

Profit in April amounts to 1.49 mln leva, or 34.84% above April 2007 and Jan – April profit is at 11.56 mln leva (5.9 mln euros), which is 162.79%.

The management forecasts Q2 revenues to amount to 38 mln leva (19.4 mln euros), and pre-tax profit is estimated at 4.5 mln leva (2.3 mln euros).

Revenues for 2008 half one are projected at 93.39 mln leva (47.7 mln euros), and pre-tax profit is seen at 14.57 mln leva (7.4 mln euros).

The second quarter is traditionally a slower period for the company and this has been taken into account in making the forecast.

The stock is down 1.37% today to 26.63 leva at a turnover of 11 196 shares.

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