Monbat AD-Sofia posted a profit of .329 mln leva in the first quarter of 2007 up from 1.595 mln leva a year ago, the company’s financial report filed to BSE-Sofia shows.

Net revenues increased 31.33% to 25.878 mln leva in the three months, ended 31 March, compared to 19.705 mln leva in the corresponding period last year.

The main contractors of Monbat in the first quarter were Germany’s Panter and Eurocar with orders worth 4.099 mln leva and 2.136 mln leva respectively. Hefta of the Netherlands and Belgium’s Battery Supplies ordered products worth 1.748 mln leva and 1.385 mln leva respectively. Orders from Honoris (Czech Republic) and BTC amount to 1.373 mln leva and 1.2 mln leva respectively.

Total costs in the period grew 24.08% to 22.628 mln leva.

In the end of March 2007 Monbat had assets worth 91.677 mln leva versus 80.636 mln leva a year ago. Its core capital amounted to 19.5 mln leva, and its own capital totaled 73.288 mln leva.
Prista Oil controls 68.3% of Monbat’s capital. Monbat Trading holds 7.06% of the company.

10,910 shares on this position changed hands today at 9.38 – 9.54 leva/share down 0.42% from the previous session.