VDAV, Voda Vrnjci, announced results for 2018
VDAV announced results for 2018, that are showing down-slide trend since turnover is lowered to 1,2 billion RSD (around 10 million EUR), which is decrease of 7,3%, and operating profit decreased 31,7% to 104 million RSD, or just below 1 million EUR.
Neto profit lowered only 2,6% to 83,8 million RSD.
VDAV is trading on Belex, with current price 4100 RSD, P/E 5,62, P/B 0,30 and ROE 5,42, and market capitalisation is just above 470 million RSD.