CICG: Cinkarna Celje operates above plans in first quarter
Chemical company Cinkarna Celje made EUR 13m in net profit in the first quarter of 2018, which is almost EUR 5m above plans, on EUR 52.5m in sales revenues, 5% above plans. Compared to the same period last year, the profit soared by 86% and revenue increased by 17%, the company reported on Wednesday.
ZVTG: Insurer Triglav reports 5% quarterly profit growth
Slovenia's leading insurance group, Triglav, posted a net profit of EUR 23.3m in the first quarter of the year, an increase of 5% year-on-year, as consolidated gross written premium rose 4% to EUR 293m.
NIIS: NIS to pay around RSD 6.9 billion in dividend to shareholders
The Board of Directors of Naftna Industrija Srbije (NIIS) proposed this Monday (May 14) for a dividend in the total amount of RSD 6.9 billion to be paid to the company's shareholders from the 2017 profit, NIS announced. The net profit of NIS amounted to close to RSD 27.8 billion last year, 25% of which is meant to be paid as dividend.
Source: Ekapija, Belex
Top 15 Serbian exporters export goods worth EUR 1.5 billion in the first four months of 2018
The total value of the export of the 15 biggest Serbian exporters in the January-April period amounted to EUR 1.5 billion, with Fiat Chrysler Automobiles (FCA) Serbia still heading the list. Fiat's exports in the said period reached the amount of EUR 303.3 million, whereas the export of HBIS Group, owner of the Smederevo steel mill, amounted to EUR 263.8 million, according to the report Current Macroeconomic Trends, published by the Ministry of Finance. The third spot belongs to Tigar Tyres Pirot with EUR 135.4 million, followed by Naftna Industrija Srbije with EUR 114 million and Robert Bosch with EUR 82.7 million.
ENHL: Energoprojekt expects EUR 298m of new jobs in 2018
Energoprojekt (ENHL) reported non-consolidated reports for 1Q18 where only operations of parent company with daughter units were presented. However, important notice is that related document shows the company’s expectation for new jobs in 2018. It was planned EUR 298m of new projects to be contracted in 2018, out of which 535 is form abroad, while total backlog in 1Q stand at EUR 326m.
Izvor: Belex, Ilirika
Euro Area Inflation Rate
The consumer price inflation rate in the Euro Area came in at 1.2 percent year-on-year in April 2018, unchanged from the preliminary estimate and slightly below 1.3 percent reported in the previous month. The slowdown was led by a fall in services inflation. Annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco and at which the ECB looks in its policy decisions, was confirmed at 0.7 percent in April, below March's 1 percent. On a monthly basis, consumer prices rose 0.3 percent, easing from a 1 percent jump in March and matching market consensus. Inflation Rate in the Euro Area averaged 1.97 percent from 1991 until 2018, reaching an all time high of 5 percent in July of 1991 and a record low of -0.70 percent in July of 2009.
Source: Trading Economics