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NIS Announces 2015 Half Year Results at Belgrade Stock Exchange

July 29, 2015

The results were presented to investors and shareholders by Anton Fedorov, Director of Finance, Economics, Planning and Accounting. The professional community learnt that NIS had delivered a positive performance in this period, with a net profit of 5 billion dinars, despite complex macroeconomic conditions marked by negative exchange rates and a drop in crude oil price in the global market. This had been achieved through operational efficiency improvements and a consistent implementation of the savings programme and a policy of relying on internal resources. EBITDA in the first half of 2015 totalled 21 billion dinars. "The Company plans to pursue the trend of increasing operational efficiency and to continue with developing and modernising its retail network and introducing innovation into the business," concluded Anton Fedorov, Director of Finance, Economics, Planning and Accounting.