Ser­bian prof­its.

Kathimerini English - - Business & Finance -

Naftna In­dus­trija Sr­bije, Ser­bia’s largest re­finer, said profit more than tripled in the first quar­ter as oil and gas pro­duc­tion rose by al­most a third. Net in­come ex­clud­ing cur­rency ef­fects for the first three months of the year rose 209 per­cent to 9.6 bil­lion di­nars from a loss of 4.5 bil­lion di­nars in the year-ear­lier pe­riod, Alexey Urusov, deputy chief ex­ec­u­tive of­fi­cer, said yes­ter­day at a press con­fer­ence in Bel­grade. Earn­ings be­fore in­ter­est, taxes, de­pre­ci­a­tion and amor­ti­za­tion rose 144 per­cent to 7.8 bil­lion di­nars, the Novi Sad-based com­pany re­ported. (Bloomberg)

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