Monbat reports an increase in the consolidated monthly results for February 2021

Financial
March 26, 2021

In February, 2021 the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 29 518 thousand which represents an increase of 26.09% compared to the consolidated net sales revenues from continuing operations generated in February, 2020. 

The consolidated data for the first two months of  2021 shows that the companies in the economic group of Monbat AD have generated consolidated net sales revenues to the amount of BGN 56 712  thousand which represents an increase by 15.18% compared to the consolidated net sales revenues from continuing operations for the same period of 2020.

The generated net sales revenues from continuing operations for the first two months of  2021 in the amount of BGN 56 712  thousand are allocated as follows:

 

Production  

BGN      55 158 thousand

Products

BGN             72  thousand

Services

BGN           778  thousand

Others

BGN           704  thousand

The generated consolidated result before taxes of the companies in the economic group of Monbat AD for February, 2021 is a profit of BGN 2 919 thousand, which represents an increase by 215,60 % compared to the consolidated result before taxes from continuing operations for the same period of 2020.

The consolidated data for the first two months of  2021 shows that the companies in the economic group of Monbat AD have generated profit before taxes to the amount of BGN 5 509 thousand, which represents an increase by 192.40 % compared to the generated consolidated profit before taxes from continuing operations for same period of 2020.

The consolidated EBITDA of the Group for February 2021 stands at BGN 4 551 thousand which represents an increase by 86,60 % to the consolidated EBITDA for February 2020.

The consolidated data for the first two months of 2021 show that the companies in the economic group of Monbat AD have generated EBITDA to the amount of BGN 8 739 thousand which represents an increase of 70.70 % compared to same period of 2020.

Notes: Other revenues recognized in the comparable period for the first two months of 2020 are adjusted with BGN 629 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.