Strong performance of Monbat AD on individual basis as at 30.06.2020 with significant increase in profitability and reported EBITDA
Financial
As at 30.06.2020 Monbat AD reports individual net sales revenues to the amount of BGN 138 930 thousand which represents a decrease by 18.32% compared to the individual net sales revenues generated as of 30.06.2019 to the amount of BGN 170 088 thousand. Set out below is the disaggregation of Monbat AD revenues from contracts with customers:
| 30.06.2020 | 30.06.2019 | |
| ‘000 BGN | ‘000 BGN | |
| Revenue from sale of finished goods | 93 365 | 101 109 |
| Revenue from sale of materials | 24 837 | 28 496 |
| Revenue from rendering of services | 308 | 1 102 |
| Other revenue | 20 420 | 39 381 |
| Total revenue from contracts with customers | 138 930 | 170 088 |
The individual profit before taxes generated by Monbat AD as at 30.06.2020 is to the amount of BGN 6 231 thousand compared to the individual profit before taxes as at 30.06.2019 to the amount of BGN 4 929 thousand. This represents an increase of the profit before taxes by 26.42%.
The individual net profit of Monbat AD as at 30.06.2020 is to the amount of BGN 5 561 thousand and shows an increase by 25.28% compared to the individual net profit of the company as at 30.06.2019 which is to the amount of BGN 4 439 thousand.
As at 30.06.2020 EBITDA (profit before interest + amortization, decreased with financial incomes and increased with financial expenses) of Monbat AD on an individual basis is to the amount of BGN 11 086 thousand compared to EBITDA reported as at 30.06.2019 on an individual basis to the amount of BGN 9 398 thousand. This represents an EBITDA increase by 17.96%.
As at 30.06.2020 EBIT (profit before interest, decreased with financial incomes and increased with financial expenses) of Monbat AD on an individual basis is to the amount of BGN 7 757 thousand compared to EBIT on an individual basis to the amount of BGN 6 433 thousand as at 30.06.2019. This represents an EBIT increase by 20.58%.