Metalac A.D., Gornji Milanovac Reports Earnings Results for the Full Year Ended December 31, 2020
May 31, 2021 at 01:37 pm EDT
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Metalac a.D., Gornji Milanovac announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was RSD 11,066.973 million compared to RSD 10,839.105 million a year ago. Operating income was RSD 525.733 million compared to RSD 510.438 million a year ago. Net income was RSD 409.632 million compared to RSD 400.773 million a year ago. Basic earnings per share from continuing operations was RSD 206 compared to RSD 223 a year ago.
Metalac ad Gornji Milanovac is a Serbia-based holding company principally engaged in the production of household items. The Company offers a range of products including enameled, Teflon-coated and Inox cookware, as well as kitchen sinks, cardboard packing material and water heaters. The cookware is distributed to Russia, Croatia, Montenegro, Slovenia, France, Italy, Spain, Germany, Macedonia, the Czech Republic, Kosovo and Bosnia and Herzegovina. On The Company developed the wholesale and retail network, with shops located in numerous cities in Serbia and four in Montenegro. As of December 31, 2011, it operated through 14 subsidiaries, including Metpor, Metalac Trade, Metalac Bojler doo, Metalac Inko doo, Metalac Market doo, Metalac Posudje doo, Metalac Print doo, Promo Metal doo, Metalac Proleter ad, Metalac Market doo, Metalac Metalurgija ad, Metrot ooo, Stadion Metalac and Metalac Ukraine.