Belgrade bourse delists Serbia's Fasma

Fasma's shares were delisted from the open market segment on May 20, the bourse said in a statement on Monday, without elaborating.

Fasma did not respond to a SeeNews email seeking information on the reason for the delisting by the time this article was published.

Belgrade-based Fasma recorded a net profit of 6.2 million dinars ($57,500/52,900 euro) in 2023, down from 6.4 million dinars in the previous year, the company said in a bourse filing last month.

Fasma was founded in July 1989. It is owned by Belgrade-based paper trader SCP which owns a 59.2% stake while construction company Jedinstvo owns 17.9%.

Shares of Fasma have not traded in the past three year. Its shares are valued on the Belgrade bourse at 120 dinars apiece.

(1 euro = 117.126 dinars)