Messer Tehnogas doubles earnings in 2017 – Net profit rises to RSD 2 billion

The Belgrade-based producer and distributor of technical gases, Messer Tehnogas, realized record non-consolidated financial results in 2017, as shown by the company's financial report, published on the Belgrade Stock Exchange.

The company's non-consolidated operating income rose by 4.9% to over eight billion dinars, whereas the operating profit jumped by 17.3% to RSD 1.9 billion.

Thanks to high revenues from the collection of previously written off claims (RSD 537 million), the net profit more than doubled to over two billion dinars.

Tehnogas remained free of both short-term and long-term credit liabilities at the end of 2017.

The company's shares have dropped by 10.2% year-to-date, largely under the pressure of the sale of the second biggest shareholder, ZB Invest.

At the latest share price of RSD 11,423, the market capitalization of Tehnogas amounts to RSD 11.8 billion (EUR 100.2 million).

Messer Tehnogas ad Beograd

Messer Tehnogas

production of technical gases

technical gases

technical gas

Messer Tehnogas income

Messer Tehnogas profit

Messer Tehnogas shares

ZB Invest