Impol Seval makes record results in 2016 – Profit amounts to RSD 1.2 billion

Last year, the aluminum rolling-mill Impol Seval had record high results.

Their net profit amounted to RSD 1.2 billion, a third more than a year before. The operating profit increased by 17.3% to RSD 1.3 billion, primarily thanks to a lower cost of materials. The company's operating income dropped by 5.5% to RSD 12.9 billion.

Furthermore, Impol Seval managed to reduce its net debt from RSD 3.5 billion at the end of 2015 to RSD 2.4 billion at the end of 2016. Their stock is up 28.3% YTD at the Belgrade Stock Exchange, following the last year's growth of 142.6%.

Impol Seval's market capitalization amounts to RSD 3.2 billion (EUR 25.9 million) at the current price of RSD 3.404, while being traded on a 2016 PE of 2.7x, Wisebroker reports.

Impol Seval-Sevojno

Impol Seval aluminum rolling mill

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