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Serbian cookware maker Metalac's H1 profit falls 14.5% - table

Author Iskra Pavlova
Serbian cookware maker Metalac's H1 profit falls 14.5% - table Metalac/Facebook

BELGRADE (Serbia), August 16 (SeeNews) - Serbian blue-chip cookware manufacturer Metalac [BEL:MTLC] said its net profit dropped 14.5% to 98.6 million dinars ($929,500/837,500 euro) in the first half of 2019, as costs rose faster than revenue. 

Operating revenue rose 3% to 491 million dinars in January-June, while operating costs went up by 11.4% to 486 million dinars, Metalac said in a bourse filing on Thursday.

Sales revenue, however, declined 3.5% to 250 million dinars.

Metalac stock closed 0.45% lower at 1,990 dinars on Thursday when its financial report was published.

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

  H1 2019 H1 2018
Operating revenue 491 497
Sales revenue 250 259
Net profit 98.6 115.3

(1 euro = 117.732 dinars)

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