Fedorov pointed out that in the first quarter NIS Group made a net profit of RSD 3.7 billion, whereas EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortisation) amounted to RSD 8.9 billion.

With regard to Q1 performance indicators, the professional audience was also informed that NIS Group achieved the planned hydrocarbon output in the upstream segment, that the volume of refining and finishing increased by 3 per cent and that the total volume of sales increased by 7 per cent. Main projects of the Energy, Sales and Distribution and Refining Blocks were presented, as well.
In the end, it was concluded that NIS Group achieved an increase in the volume of sales and had good macroeconomic assumptions in the first quarter.
Following the presentation, the Director of Finance, Economics, Planning and Accounting answered the questions of the professional audience.

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NIS AD Novi Sad published this content on 30 April 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 April 2018 11:40:09 UTC