In H1 the company recorded flat operating revenues, EBITDA of RSD 922.5m and a net profit of RSD 162m.

Sojaprotein, the largest soybean processing factory in Serbia, published their H1 2019 report. According to it, the company recorded revenues of RSD 6.57bn, which represents no change compared to the same period last year. Of the operating revenues, around 73% were made in the foreign market.

Operating expenses in H1 decreased by 14% YoY, amounting to RSD 5.96bn. The mentioned decrease mostly came as a result of lower material costs (by RSD 600m). As a result of the lower operating expenses, the company managed to turn a negative EBITDA from H1 2018 to a positive one, amounting to RSD 922.5m.

Going further down the P&L, the company recorded EBIT of RSD 620.4m, which represents an increase by RSD 923.1m.

 In H1, Sojaprotein recorded a net profit of RSD 162m, which is significantly higher than the net loss in H1 2018 of RSD 684.6m.