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Belgrade Stock Exchange

NIS 9M 2015 EBITDA fell to 32.3 bn dinars

The Company maintained profitability of the business despite adverse macroeconomic conditions and low prices of crude oil in the global market. A continuous implementation of the operational efficiency improvement and cost cutting programme helped NIS group to achieve a net income of 10.9 billion dinars in the first nine months of 2015. EBITDA stood at 32.3 billion dinars. NIS continued with investing, putting in a total of 18.95 billion dinars in funding investments in the first nine months of 2015, predominantly in oil and gas exploration and production.

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Regional News

Fraport buys 75,5% of Ljubljana airport (LJE: AELG) for 177m EUR

Germany's Fraport AG said on Friday it has reached an agreement with a consortium headed by Slovenian state holding firm SDH for the purchase of a stake in the operator of the Ljubljana airport for 177.1 million euro ($229.3 million).

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