Philip Morris’ revenue in Serbia rises in 2019

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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