Strategic Investments in the Objective of the NIS Economy

NIS invested 17.2 billion dinars in the first half of 2018

In the first half of 2018, NIS invested 17.2 billion dinars.

NIS Group announces consolidated results for the first half of 2018, prepared in accordance with international financial reporting standards.

In the first half of 2018, NIS continued its momentum with positive financial results, with investments focused on strategic objectives. projects. Thus, in the first six months of the current year, 17.2 billion RSD were invested in the further development of NIS, 72% more than in the first half of 2017. The most invested in the research and production segment, as well as in upgrading processing capabilities, particularly the construction of deep-processing plants with deferred coking technology in the Pančevo oil refinery

EBITDA (Profit before interest, taxes and depreciation) is 24 billion dinars, 6% more than during the same period of the previous year. Net profit of NIS Group in the middle of the year was 11.5 billion RSD. At the same time, the growth trend of NIS commitments on the basis of taxes and other government revenues in the first six months of the current year amounted to RSD 90.9 billion, or 17% more than the year before.

NIS Group continued to improve its results in the fields of processing and transportation. Thus, during the first half of the year in the Pancevo refinery, a total of 1 696 million tons of oil and semi – finished products were processed, or 3% more than the same. last year. At the same time, the sales volume rose to 1.665 million tons of petroleum products, a result 8% higher than the sales figure achieved in the first half of 2017, with export growth of 24%. %. Total production of oil and gas in the first half of 2018 is 661 thousand conditional tons, while 78,422 MWh of electricity have been produced in NIS capabilities.

Kiril Tjurdenjev, Director General of NIS, said:

" As part of NIS this year, there will be strategic investments in which we will invest about 47 billion dinars, most since 2013 In this way, we will establish a solid foundation for further progress for the benefit of our shareholders, employees and the broader community.

At the same time, we remain committed to financial discipline, operational efficiency and digital transformation of the company.Improving our results.In this way, NIS will make a significant step towards achieving the ambitious goals of the energy leader in the region, outlined in the Development Strategy by 2025. "[19659005] (PR )