The last weekly session was ended for BELEX15 with light 0.19% downwards correction, while BELEXline was in a symbolic plus of 0.02%. Several companies reported 6M19 figures, among which Fitofarmacija, Energoprojekt, Jedinstvo and Metalac. The most traded stock was Jubmes Banka, with RSD 58m in volume, while all others were far below this.
Report from Fitofarmacija was problay the most interesting event. The company reported slightly lower sales and nearly 10% drop in net profit for 6M19 period, while this was due to drop in prices at domestic market (due to strong competition, the company says). The stock price remained flat, however, with almost no trading. Both, Energoprojekt and Jedinstvo Sevojno, construction companies, came out with higher sales and improved profitability in the period, probably due to higher volume of executed jobs. Metalac delivered only daughter units figures, where we can see that company’ expectation about light single digit growth rate for sales&profit in 2019 is pretty much realistic.