BELGRADE (Serbia), May 5 (SeeNews) – Philip Morris Operations [BEL:DINN]the Serbian subsidiary of tobacco company Philip Morris International (PMI), said its net profit rose by 25.9% to 4.7 billion dinars ($43.4 million/40 million euro) in 2019.
The company’s revenue grew 5.9% to 22.6 billion dinars, while operating costs went up 2.5% to 17.1 billion dinars, Philip Morris Operations said in a filing with the Belgrade Stock Exchange on Monday.
Following are details from Philip Morris Operations’ consolidated financial performance (in billions of dinars):
| 2019 | 2018 | |
| operating costs | 17.147 | 16,724 |
| revenue | 22,598 | 21,345 |
| net profit | 4,659 | 3,702 |
(1 euro = 117,559 dinars)
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