NIS posts profit in Q2

NIS has had profit of RSD 3.8bn (some EUR 40mn) in the second quarter of 2009, the company's CEO Kirill Kravchenko told reporters.

Izvor: Beta

Thursday, 13.08.2009.

14:07

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NIS has had profit of RSD 3.8bn (some EUR 40mn) in the second quarter of 2009, the company's CEO Kirill Kravchenko told reporters. Kravchenko, who is also vice chairman of the Gazprom Neft management board, said that Q1 losses of RSD 11bn mean that the company lost RSD 7.2bn in the first six months of this year. NIS posts profit in Q2 He also told the news conference in Belgrade this Thursday that NIS collected RSD 7bn in debt. Others now owe the company RSD 27bn (EUR 287mn), while its own debt to banks amounts to some EUR 800mn. Gazrpom Neft – Russian giant Gazprom's oil arm – in February this year took control of Serbia's previously state-owned oil monopoly NIS. The deal came as part of a strategic energy agreement between Belgrade and Moscow, and saw the Russians pay EUR 400mn for a 51 percent stake in the company. Kravchenko in Belgrade this Thursday (Tanjug)

NIS posts profit in Q2

He also told the news conference in Belgrade this Thursday that NIS collected RSD 7bn in debt.

Others now owe the company RSD 27bn (EUR 287mn), while its own debt to banks amounts to some EUR 800mn.

Gazrpom Neft – Russian giant Gazprom's oil arm – in February this year took control of Serbia's previously state-owned oil monopoly NIS.

The deal came as part of a strategic energy agreement between Belgrade and Moscow, and saw the Russians pay EUR 400mn for a 51 percent stake in the company.

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