In June, 2020 the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of

Financial
August 03, 2020

In June, 2020 the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 23 985 thousand which represents an increase of 18,50% compared to the consolidated net sales revenues from continuing operations generated in June, 2019.  

The consolidated data for the first six months of 2020 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 135 090 thousand which represents a decrease by 11.30% compared to the consolidated net sales revenues from continuing operations for the same period of 2019.

The generated net sales revenues from continuing operations for the first six months of 2020 in the amount of BGN 135 090 thousand are allocated as follows:

 

Production  

BGN  130 343 thousand

Products

BGN        786 thousand

Services

BGN      1 906 thousand

Others

BGN      2 055 thousand

The generated consolidated result before taxes of the companies in the economic group of Monbat AD for June, 2020 is a profit of BGN 1 167 thousand, which represents an increase of 189.90% compared to the consolidated result before taxes from continuing operations for the same period of 2019.

The consolidated data for the first six months of 2020 show that the companies in the economic group of Monbat AD have generated profit before taxes to the amount of BGN 6 393 thousand, which represents a decrease by 16.00% compared to the generated consolidated profit before taxes from continuing operations for same period of 2019.

The consolidated EBITDA of the Group for June 2020 stands at BGN 3 397 thousand which represents an increase of 137.40% to the consolidated EBITDA from continuing operations for June 2019.

The consolidated data for the first six months of 2020 show that the companies in the economic group of Monbat AD have reached EBITDA to the amount of BGN 17 171 thousand which represents a decrease of 4.70% compared to same period of 2019.

 

Notes:

1) Other revenues recognized in the comparable period January-June 2019 are adjusted with BGN 4,344 thousand. The value of the adjustment relates to recorded revenues in connection with fixed assets sold on sale and lease back arrangement, for which after review it has been concluded that the criteria stipulated in IFRS 15 for revenue recognition and respectively write-off of the carrying amount of the sale have not been met.

2) The revenues from sales of production in the comparable period of June 2019 were adjusted by BGN 450 thousand. The adjustment represents a pro-rata accrual with respect to expected value of annual bonuses for volume discounts related to batteries sold to certain distributors.