Tigar’s projected incomes for year 2010 exceed 100m EUR

- Corporation "Tigar" has adopted the business plan for the period 2009-2011 for mother company and companies that are controlled by the corporation – the Pirot-based company announced on the website of the Belgrade Stock Exchange.

The starting balance for design of the plan was the projection of financial result for year 2008 based on the accomplished in the period January-November and projections for December. Projected consolidated income for year 2008 was at the level of 5 billion RSD, while the projected growth in 2009 amounts to 10%.

According to the plan, total incomes in 2010 should exceed 100m EUR, while the consolidated net profit for the period 2009-2011 should range between 8 and 12%.

The Administrative Board of "Tigar" has also made the decision about merger of companies "Tigar trgovina" and "Tigar export-import" with newly formed company "Tigar trade", which was put in operation on January 1st. The new company will also include the sales sectors of factories "Obuća" and "Tehnička guma".

According to the projections for year 2009, "Tigar trade’s" income from sale of goods should amount to 3.7 billion RSD, 1.9 billion RSD of which should be the value of export.

The stocks of "Tigar", a member of A listing of the Stock Exchange, cost 455 RSD. The highest price in the last year was registered at the beginning of February 2008 – 1,850 RSD, while the lowest price in that period was registered few days ago and it amounted to 445 RSD. The current market capitalization of "Tigar" amounts to 781.89m RSD.