August 30 (SeeNews) - Philip Morris Operations [BEL:DINN], the Serbian subsidiary of tobacco company Philip Morris International (PMI), said on Thursday its net profit declined by 3.8% on the year to 1.7 billion dinars ($16.8 million/14.4 million euro) in the first half of 2018.
The company's revenue fell 1.1% to 10 billion dinars, while operating costs edged up 0.4% to 8.1 billion dinars, Philip Morris Operations said in a filing with the Belgrade Stock Exchange.
Following are details from Philip Morris Operations' consolidated financial performance (in billions of dinars):
|
H1'18 |
H1'17 |
Operating costs |
8.094 |
8.063 |
Revenues |
10.044 |
10.157 |
Net profit |
1.733 |
1.802 |
(1 euro = 118.238 dinars)