Planinka reports record-high profit of RSD 316 million for 2013

Kursumlija-based Planinka has unveiled annual results for 2013 in which this company achieved a mild business growth and a record-high final result.

Planinka, a company that bottles Prolom water and is engaged in hotel management, generated a sales revenue of RSD 1.05 billion last year, up 3.5 percent from the year before. Its business profit dropped slightly to RSD 247.9 million, while a financial revenue growth resulted in a record-high profit of RSD 315.9 million (up 59.4 percent from 2012.).

With the latest share price of RSD 21,200, Planinka's market cap is at RSD 1.38 billlion (about EUR 12 million). This company currently buys back its own shares at a price of RSD 21,600.