Impol Seval profit in first half of 2016 jumps to RSD 670 million
The production in the first six months rose by 5.1% to 31,252 tons, above all thanks to a higher output of prepainted coils and sheets by 11.3%. As in the preceding period, most of the production (up to 96%) was meant for sale in foreign markets (above all in Germany, Italy and Russia).
The product implementation amounted to 34,080 tons (a growth of 5.1%), dominated by cold-rolled products.
In the January-June period, an operating income of RSD 6.8 billion was made, which is lower by 4.6%, whereas the company's operating profit increased by 94.3% to RSD 730.4 million, due to destocking and lower cost of materials.
The company's net profit jumped by 144.7% to RSD 669.7 million, Wisebroker reports.
At the end of June, Impol Seval's loan debts amounted to EUR 25.2 million, relative to EUR 29.5 million at the end of 2015. The lowering was a result of the drop of short-term financial liabilities by EUR 4.3 million. In the same period, a fall of weighted interest rate from 3.78% to 3.15% was recorded.
Impol is one of the greatest gainers at the Belgrade Stock Exchange in 2016, considering the stock price increase of 87.1% in this period.
Most Important News
11.03.2024. | Healthcare
Are Marketing Experts Reading Our Minds? – eKapija Investigates: What Neuromarketing Is and How Much It Is Used in Serbia
11.03.2024. | Construction, Transport
Tender for Continuation of Construction of Patrijarha Pavla Blvd Stopped – Contractors Demanding Price Higher Than Estimated
11.03.2024. | Construction, Transport
11.03.2024. | Construction, IT, Telecommunications
Auction for 5G Network by End-Year, Minister Announces
11.03.2024. | Construction, IT, Telecommunications
28.03.2024. | Construction
Beginning of Construction of First “Green Dam” in Serbia Which Will Supply 500,000 People with Drinking Water
28.03.2024. | Construction
17.01.2024. | Industry, Healthcare
Ceremony of Opening of Centers of Excellence in Kragujevac Planned for Spring – Official Beginning of Operations in June
17.01.2024. | Industry, Healthcare
27.03.2024. | Industry, Transport, Finance
City to Waive Over 30 Zemun and Palilula Bus Lines to Private Transporters – Draft Public-Private Partnership for 10-Year Period Ready, Job Worth Half a Billion Euros
27.03.2024. | Industry, Transport, Finance