NIS increased its profit for 146 percent

February 11, 2012

Daily newspaper „Press”

In 2011, the net income of the NIS is 40.6 billion dinars, 146 per cent more than the same indicator last year said CEO of NIS Kiril Kravcenko. Presenting the business results, Kiril Kravcenko said in 2011, the company managed to increase oil and gas production volume in Serbia for 24 per cent, i.e. to 1.5 million conditional tons. The increased production volume is primarily achieved owing to the results of the oil well reactivation programs, capital workers, and implementation of new and efficient production methods.