Imlek 2012 revenues up 18 percent - Consolidated profit at RSD 3 billion

The largest domestic dairy group Imlek has published its consolidated business results for the last year.

These financial results have come as a result of the consolidation of results achieved by the parent company and its subsidiaries: Imlek Boka, IMB Mlekara Bitola, East Milk Sarajevo, Banja Luka-based Mljekare, Mlijekoprodukt from Kozarska Dubica, Holland's Balkan Dairy Products BV, and Croatia's Mljekara Sinj, as well as Belgrade-based concern Bambi-Banat.

Imlek's consolidated business revenue grew from RSD 25.75 billion in 2011 to RSD 30.38 billion in 2012. Revenues from local sales rose 17.5 percent to RSD 20 billion, whereas the revenue from sales abroad grew 15 percent to RSD 9.2 billion.

The company's consolidated business profit soared 27.6 percent to RSD 3.73 billion with the net result going up 42.5 percent to somewhat over RSD 3 billion.

Imlek doubled its long-term liabilities to RSD 4.4 billion at the end of 2012, while its short-term liabilities rose from 6.67 to 16.1 billion dinars.

With the Imlek share price ending Tuesday trading at RSD 3,039, the company's market capitalization was at RSD 26.6 billion (EUR 239 milllion).