Successful year for Metalac subsidiaries – Loss recorded in Croatia only
The main production company in the group, Metalac Posudje, had an operating income of RSD 3.3 billion, a growth of 21.7%, whereas the net profit jumped by 27.1% to RSD 230.8 million. The biggest progress was made by the group’s youngest company, FAD, which increased its revenues four times to RSD 362.3 million and had a net profit of RSD 25.1 million.
All trade companies recorded a growth of revenues and ended the year in the black, Wisebroker reports.
When it comes to exporting companies, the Russain Metrot made a dramatic expansion with a growth of revenues of 103% to EUR 6.6 million, whereas the net profit reached EUR 583.000, compared to a loss of EUR 85,700 in 2015.
The only company within the system to have negative results is the Croatian Promo-metal, which recorded a loss of EUR 73,300 and had a drop in sales of 13.8% to EUR 1.4 million.
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
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
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
26.03.2024. | Finance
Miodrag Kostic’s Company Agri Europe Cyprus Wants to Buy 17% in Addiko Bank
26.03.2024. | Finance