Fall of profit and gain of Bambi - Profit in 2015 totals RSD 1,3 billion

Source: Wise broker Tuesday, 05.04.2016. 12:35
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The largest domestic confectionery, Bambi, after a recording operating results in 2014 generated a decline of key parameters last year.

In 2015, Bambi generated operating income of RSD 8.7 billion which is a reduction of 5.7 % while operating profit drop by 12.5 % to 1.7 RSD billion, primarily due to higher depreciation costs.

Net profit totaled RSD 1.3 billion, which is a fall of 22.5 % , which was also contributed by worse remaining result.

The company which operates under the control of the investment fund " Mid Europa " communicated in late March that the Supervisory Board made a decision to reduce basic capital with cancellation of 7.8 % of its own shares.

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