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Serbian cookware maker Metalac's 9-mo profit falls 12.6% y/y - table

Author Radomir Ralev
Serbian cookware maker Metalac's 9-mo profit falls 12.6% y/y - table Author: ZK-Termochem. License: All rights reserved.

BELGRADE (Serbia), November 11 (SeeNews) - Serbian blue-chip cookware manufacturer Metalac [BEL:MTLC] said its net profit dropped 12.6% on the year to 103.6 million dinars ($971,800/881,500 euro) in the first nine months of 2019, it said.

Operating revenue rose 7% to 734.1 million dinars in January-September, while operating costs went up by 13.1% to 716.5 million dinars, Metalac said in a bourse filing on Friday.

Sales revenue grew 5.4% to 397.4 million dinars.

Metalac stock closed 1.04% higher at 1,940 dinars on Friday when its financial report was published.

Following are details of the financial performance of Metalac (in millions of dinars):

  9-mo'19 9-mo'18
Operating revenue 734.1 686.4
Sales revenue 397.4 377.1
Net profit 103.6 118.5

(1 euro = 117.532 dinars)

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