News

30.11.2010 - The Management Board of Monbat Plc adopted a forecast ...

With the present we would like to inform that the Management Board of Monbat Plc adopted a forecast for the fourth quarter of 2010.   We would like to remind that w ith reference to the initiated restructuring process of Monbat Plc and separation of the recycling production in Monbat Recycling EAD as well as with a view to present comparable data regarding the financial results, the management of Monbat Plc presents projected data - consolidated information on the net sales revenues and the profit generated only from both companies.

The Management Board of Monbat Plc forecasts only for the fourth quarter of 2010 net consolidated sales revenues of both companies to the amount of BGN 55 000 thousand and consolidated profit before tax of both companies only for the fourth quarter of 2010 to the amount of BGN 7 000 thousand. The prepared forecast for the fourth quarter takes into consideration the fact that on Nov. 19th 2010 on the territory of the company in the town of Montana occurred a fire, the consequences of which will lead to a decline in the net sales revenues for November and December, 2010 within the ranges of 10 – 12 %.

            We would like to inform that, with a view to establish a long-term policy on profit distribution of Monbat Plc for the next three years – 2011, 2012 and 2013, the Management Board adopted a resolution to propose annually to the shareholders at the regular annual general assembly of the company’s shareholders up to 35 % of the net profit to be distributed as dividend.