Metalac's consolidated profit at RSD 335 million - Revenue grew 19 percent

Gornji Milanovac-based Metalac holding experienced a strong growth of business in the first six months of this year, in both domestic and foreign market.

Metalac's consolidated business revenue in the period January-June 2012 amounted to RSD 2.7 billion, up 19 percent from the same period last year. The sales revenue reached RSD 2.6 billion, nearly 2 billion dinars of which is the value of sales in the Serbian market. It is interesting that the sales abroad and the sales in Serbia grew at the identical rate of 25 percent.

The company's consolidated business profit rose 44.8 percent, to RSD 393.3 million, whereas the net profit grew only 10.8 percent, to RSD 334.8 million, mainly because of bigger financial expenditures.

In the previous period, the Metalac shares were in high demand on the Belgrade Stock Exchange. With the latest share price of RSD 1,700, the company's market cap is RSD 1.7 billion (EUR 14.6 million).