Daily newspaper „Blic“
In the first trimester this year, NIS had the net profit of RSD8.4bn, which is 15% less than in the same period last year. This result is mostly influenced by negative macroeconomic trends and the fluctuation of the local currency exchange rate. Additionally, another factor was present in the first quarter which influenced lower growth in net profit: socially oriented policy of the Company regarding the sale of derivatives. NIS thus took part in the state’s program of supplying farmers with subsidized fuel. Moreover, the company limited the growth of wholesale and retail prices of derivatives, regardless of the constant growth of quotations on the regional commodity stocks. The results were presented by Deputy CEO of NIS, Alexei Urusov. Regarding the volume of investments, they reached RSD 7.7bn, which is 196% more, mostly in explorations and production, Urusov said.
