Profit of Philip Morris Nis in 2017 amounts to RSD 3.8 billion

The Nis-based company Philip Morris Operations has published record financial results for 2017, considering that the successful operations from the first half of the year continued in the other six months.

The company did record a drop in revenues by 48.4% to RSD 20.8 billion, but only as a consequence of switching to the business model of contract-based production on January 1, 2017.

The operating profit jumped by 10.3% to RSD 4.5 billion, whereas the net profit rose by 11.5% to RSD 3.8 billion.

The company didn't have debts at the end of the last year, so it is to be expected that the entire profit will be paid as dividend this year as well.

The first-preferred stock (DINNNPB) traded at the Belgrade Stock Exchange should bring the owners a gross dividend of around RSD 365.

At the latest price of RSD 3,022, the dividend yield exceeds 12%.

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