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)