In December, 2019 the companies in the economic group of Monbat AD have generated consolidated net sales revenues from continuing operations in the amount of

Financial
January 27, 2020

In December, 2019 the companies in the economic group of Monbat AD have generated consolidated net sales revenues from continuing operations in the amount of BGN 29 285 thousand which represents an increase of 35.30 % compared to the consolidated net sales revenues generated in December, 2018. 

The consolidated data for 2019 show that the companies in the economic group of Monbat AD have generated consolidated net sales revenues from continuing operations in the amount of BGN 339 843 thousand which represents an increase of 15.50 % compared to the consolidated net sales revenues from continuing operations for 2018.

The generated consolidated result from continuing operations (without the led lightning business segment) before taxes of the companies in the economic group of Monbat AD for December, 2019 is a loss of BGN 3 946 thousand, which represents an increase of 22.5 % compared to the prior period of 2018.

The consolidated data for 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing operations before taxes in the amount of BGN 11 809 thousand, which represents an increase of 1153.6 % compared to the generated consolidated profit from continuing operations before taxes for 2018.

The consolidated data for 2019 show that the companies in the economic group of Monbat AD have generated profit from continuing and discontinued operations before taxes in the amount of BGN 14 023 thousand, which represents an increase of 1080.60 % compared to the generated consolidated profit before taxes for 2018.

The consolidated EBITDA of the Group from continuing operations for the month of December 2019 stands at BGN 1 794 thousand which represents an increase of 285.50 % to the comparative period of 2018.

The consolidated EBITDA from continuing operations (without the led lightning business segment) of the Group for 2019 stands at BGN 36 190 thousand which represents an increase of 60.3 % compared to 2018.

 NOTE:

1)               The profit from discontinued operations for 2019 includes the accounting effect of the deconsolidation of led lightning business segment.

2)               The results for December 2019 include:

  1. The accounting of depreciation expense on the fair value recognized with respect to the fixed assets acquired in the business combination of Piombifera Italiana to the amount of app. BGN 733 thousand
  2. Interest expense with respect to the coupon payment on the bond obligation conducted on 20.01.2020 to the amount of app. 815 BGN thousand and additional interest expense related to the effective interest rate of the bonds issue (for more details refer to the Consolidated Financial Report of Monbat Group for 2018 note 23) to the amount of app. BGN 1 300 thousand.
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