Monbat Posts 3.9 Mln Leva Profit In January

Monbat Posts 3.9 Mln Leva Profit In January

Monbat Jsc's January sales stand at 19.381 mln leva (9.9 mln euros), which is 126.6% up from the same month last year, the company said.

January profit this surged to 3.886 mln leva (1.986 mln euros).

In order to be make activity more transparent and to be able to offer more information to investors, the company has decided to announce prognoses on sales and profit every three months.

The prognoses will be announced simultaneously with the respective quarterly results.

The specific dates for the forecast announcements have been stated in the company's corporate calendar as follows: Q1 on 25 February 2008, Q2 on 26 May 2008, Q3 on 25 August 2008 and Q4 on 25 November 2008.

The management expects Q1 sales to reach 52 mln leva (26.587 mln euros) and pre-tax profit to come to 10.2 mln leva (5.215 mln euros).

2,584 shares changed hands today at prices between 27.40 and 27.61 leva.

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