Tigar reports bigger business profit, financial expenditures still big burden

(Photo: Tigar.com)

Although its business revenue were at RSD 2.3 billion (down by 11 percent), the business profit was nearly three times as big, amounting to RSD 90 million.

The biggest pressure on the net result was exerted by financial expenditures that are still, despite a 13 percent decrease, on a quite high level of RSD 352 million. Due to aforementioned expenses, the final net result was negative (RSD 253 million).

With the current share price of RSD 170, Tigar's market cap is at RSD 292 million (EUR 2.56 million).