This is a hike of 99.63% against the respective period in 2007. May sales are at 12.967 mln leva (6.62 mln euros), or 68.75% up y/y.
Profit reaches 2.152 mln leva (1.1 mln euros) in May and 13.707 mln leva (a little over 7 mln euros) for the Jan – May period, which is 152.99% up from Jan – May 2007.
In an interview for Profit TV Atanas Bobokov, chairman of the Board of Directors, said the company will be correcting its prognosis for the current year by Q2.
In January Monbat announced its prognoses for 2008 envisaging net profit of 16.104 mln euros (31.496 mln leva, or 1.62 leva/share) at revenues in the amount of 180 mln leva (92.03 mln euros).
A month ago shareholders decided to raise capital from the current 19.5 mln leva (9.9 mln euros) to 39 mln leva (19.9 mln euors) using part of the profit and reserves funds.
Shareholders also approved to distribute 3.482 mln leva (1.78 mln euros) as dividend, which translates into 0.178 leva gross dividend per share. 350 shares changed hands today at prices between 12,60 and 12.80 leva each.