Mlekara Subotica dairy reports RSD 2.27 billion revenues in H1 2013

Mlekara Subotica, the Subotica-based dairy company that operates under the control of Salford, has published its business results for the first six months of this year, during which its sales revenue and end result soared.

According to the company's report, the revenues generated in the period January-June 2013 grew 22 percent to RSD 2.27 billion from RSD 1.86 billion in the same period last year. Net profit in H1 2013 was at RSD 96.2 million, up from RSD 22.78 million in the first half of the last year.

Mlekara Subotica shares on the Belgrade Stock Exchange have lost 24.8 percent in value since the beginning of the year. With the latest share price of RSD 1,015, the company's market cap is at RSD 2.32 billion (EUR 20.4 million).