NIS on Belgrade Stock Exchange presented the results of operations for the first quarter of 2017

Today on Belgrade Stock Exchange NIS presented results of operations for the first quarter of 2017. The presentation intended for investors, shareholders and bankers held Anton Fyodorov, Manager of Function of finance, economics, planning and accounting.

The presentation intended for investors, shareholders and bankers held Anton Fyodorov, Manager of Function of finance, economics, planning and accounting.

The professional public was informed that NIS Group in the first quarter 2017 made net profit of 5.4 billion dinars, which is significantly better result than in the same period last year when was recorded profit of 261 million dinars. In addition, EBITDA in the first three months of this year amounted to 11.1 billion dinars, which is almost three times more than in the previous reporting period.

As Fyodorov emphasized, for achieved results is largely creditable implementation of measures to increase operational efficiency, increase the total volume of oil and oil derivatives, as well as increased price of crude oil on the world market.

NIS has also continued to invest in strategic projects, and in the first quarter of this year has invested a total of 4.7 billion dinars, mostly in the field of investigation and production, as well as in the refinery segment.

After the presentation, Anton Fyodorov has answered numerous questions of experts.

 

Contact:

Press center
(011) 205 8037
press@nis.eu
Milentija Popovića 1
11000 Belgrade

About NIS

NIS is one of the largest vertically integrated energy companies in Southeast Europe. Its principal activities are exploration, production and refining, sales and distribution of a broad range of petroleum products, as well as the implementation of petrochemical and energy projects. Read more at http://www.nis.eu/en/about-us

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