June - Monthly Result
Dear Investors,
In June, 2018 the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 24 846 000 which represents a decrease by 16.60 % compared to the consolidated net sales revenues generated in June, 2017.
The summarized data for the first six months of 2018 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues in the amount of BGN 136 237 000 which represents a decrease by 9.7 % compared to the consolidated net sales revenues for the same period of 2017.
The generated consolidated profit before taxes of the companies in the economic group of Monbat AD for June, 2018 is BGN 442 000 which represents a profit decrease by 61.70 % compared to the generated consolidated profit before taxes for June, 2017.
The summarized data for the first six months of 2018 show that the companies in the economic group of Monbat AD have generated profit before taxes in the amount of BGN 3 483 000, which represents a profit decrease by 75.30 % compared to the generated consolidated profit before taxes for same period of 2017.
In June, 2018 the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 3 226 000 which represents an increase by 36.20 % compared to the achieved in June, 2017.
The summarized data for the first six months of 2018 show that the companies in the economic group of Monbat AD have reached EBITDA in the amount of BGN 14 452 000 which represents a decrease by 35.80 % compared to same period of 2017.
Important Note: EBITDA and profit before taxes for the comparative period of 2017 are adjusted downwards with:
1) 2 050 000 BGN representing the H1 2017 effect stemming from the correction of the accounting error with respect to the non-elimination of intragroup profit on unrealized inventory. More details about the accounting error could be found in the consolidated audited financial report of Monbat as at 31.12.2017.
2) 964 000 BGN with respect to the effect on the H1 2017 comparative figures coming from the lack of government subsidy in Monbat Recycling Serbia. The expected subsidy was initially accounted in the Consolidated Financial Statements of Monbat AD for 2017 but was consequently reversed due to the occurrence of adjusting subsequent events which are described in more detail in the consolidated audited financial report of Monbat as at 31.12.2017
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com