Metalac reports RSD 349m in 2015 consolidated net profit, up 31%

Gornji Milanovac-based Metalac finally reported consolidated numbers for 2015, that showed RSD 7.09bn in sales, up 11.7% y/y, with RSD 349m in net profit, up 31% y/y.

The biggest contribution to these results arrived from production units since they posted RSD 301.7m in pre-tax profit, while foreign trade units ended 2015 with EUR 0.2m loss (sales at EUR 8.4m).

The company’s AGM recently approved gross dividend at RSD 155 per share. The stock is up 25.6% YTD and market capitalization of the company stands at the moment at EUR 25.4m