NIS Presents Q1 2018 Operating Results at Belgrade Stock Exchange

NIS presented its operating results for Quarter 1, 2018 to the professional audience at Belgrade Stock Exchange today. Director of Finance, Economics, Planning and Accounting Anton Fedorov presented the results to the professional audience of investors, brokers and shareholders.

Fedorov pointed out that in the first quarter NIS Group made a net profit of RSD 3.7 billion, whereas EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) amounted to RSD 8.9 billion.

With regard to Q1 performance indicators, the professional audience was also informed that the NIS Group achieved the planned hydrocarbon output in the upstream segment, that the volume of refining and finishing increased by 3 per cent and that the total volume of sales increased by 7 per cent. The main projects for the Energy, Sales and Distribution and Refining Blocks were presented, as well.

In the end, it was concluded that the NIS Group had achieved an increase in the volume of sales and made good macroeconomic assumptions for the first quarter.

Following the presentation, the Director of Finance, Economics, Planning and Accounting answered questions from the professional audience.

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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+381 11 313 0116

+381 11 205 8490

press@nis.eu

Milentija Popovića 1

11000 Beograd