PRAGUE, May 28 (Reuters) - Czech artificial textile maker Pegas Nonwovens’ first-quarter net profit jumped 159 percent to 14.4 million euros ($15.7 million), helped by production remaining near record levels and foreign exchange gains.
The figure was above the average estimate of 11.2 million euros seen in a Reuters poll.
Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 3 percent to 12.6 million euros. The company confirmed its outlook for full-year EBITDA to be in a range of 44.0 million to 48.5 million euros.
$1 = 0.9147 euros Reporting by Jason Hovet; Editing by Pravin Char