August 7 (SeeNews) - Serbian blue-chip cookware manufacturer Metalac [BEL:MTLC] said its net profit dropped to 9.5 million dinars ($95,500/80,700 euro) in the first half of 2020 from 98.6 million dinars in the like period of last year.
Operating revenue declined 15.2% to 416.6 million dinars in January-June, while operating costs went down by 18.6% to 395.9 million dinars, Metalac said in a bourse filing on Thursday.
Sales revenue, however, declined 14.3% to 214.1 million dinars.
Metalac stock closed flat at 1,899 dinars on Thursday when its financial report was published.
Following are details of the financial performance of Metalac (in millions of dinars):
|
H1'20 |
H1'19 |
Operating revenue |
416.583 |
491.224 |
Sales revenue |
214.091 |
249.894 |
Net profit |
9.493 |
98.618 |
(1 euro = 117.594 dinars)