Imlek buys back own shares for EUR 1.1 million

Belgrade-based Imlek acquired additional 46,072 shares (0.5 percent of the issued stock) during a recent buy-back bid, the Central Securities Register announced in a release.

Imlek repurchased these shares for RSD 2,900 a piece, which is the highest share price this dairy company has paid since the termination of negotiations on the sale of Imlek to Holland's Campina.

Now, after the expiration of aforementioned buy-back bid, Imlek possesses 1.12 percent of its own shares.

Imlek's majority owner is Danube Foods Group, which holds 81.7-percent stake in the company, whereas the largest minor shareholder is the Share Fund with 1.4 percent of shares in its possession.

Imlek's business revenue in H1 2012 amounted to RSD 13.4 billion (up 6.3 percent from the year before), whereas its profit dropped 18.7 percent, to RSD 942.9 million.

With the share price of RSD 2,900, the company's market capitalization amounts to RSD 25.3 billion (EUR 217.8 million).