January 2012, Monthly Results
Financial
We would like to announce that in January, 2012 Monbat Plc and Monbat Recycling EAD have generated consolidated net incomes from sales to the amount of BGN 14135 000 which represents a 32.87 % decrease compared to the consolidated net incomes from sales, generated by Monbat Plc and Monbat Recycling EAD in January, 2011 .
The generated net incomes from sales in January, 2012 to the amount of BGN 14135000 are allocated as follows:
| Production | BGN 11 806 000 |
| Products | BGN 195 000 |
| Services | BGN 148 000 |
| Others , of which | BGN 1 986 000 |
| – materials | BGN 1 870 000 |
| – assets | BGN 94 000 |
| – others | BGN 22 000 |
The generated consolidated profit before taxes of Monbat Plc and Monbat Recycling EAD for January, 2012 is BGN 299 000, which represents a profit decrease of 89 % compared to the consolidated profit, generated by Monbat Plc and Monbat Recycling EAD in January, 2011.
The weaker results generated in January 2012 compared to th e results achieved in January 2011 are due to the following reasons :
- Weaker demand for the production of Monbat Plc in January 2012 compared to January 2011;
- Decrease with BGN 470000 of the work in progress of Monbat Plc;
- Planned annual repair of the production facilities of Monbat Recycling EAD in Bulgaria, due to which the company has produced less production in January 2012.
contact for investors
Daniela Peeva
Investor Relations Director
tel. +359 2 988 2413
e-mail: investorrelations@monbat.com