Monbat's February Sales At 20 Million Leva

Monbat's February Sales At 20 Million Leva

Monbat Jsc () booked sales revenues in the amount of 19.995 mln leva (10.2 mln euros) in February, which is 134.62% above February 2006.

January and February sales stand at 39.376 mln leva (20.13 mln euros), or 130.61% up from same period 2006.

Profit for February 2008 reaches 3.529 mln leva (1.8 mln euros), or 231.67% up y/y.

January and February profit stands at 7.415 mln leva (3.79 mln euros), which is a 235% hike compared with 2006.

At a general meeting appointed for May 16 Monbat will seek shareholder approval for a capital increase from the current 19.5 mln leva to 39 mln leva (19.94 mln euros) using funds from 2007 profit and reserves.

New shares will be allocated among investors in proportion to their interest in et capital prior to its increase.

The stock rose 4.03% to an average of 26.27 leva on BSE today at a turnover of 4,568 shares.

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