Report
Vladan Pavlovic
EUR 8.90 For Business Accounts Only

Messer Tehnogas (TGAS)

Messer Tehnogas (TGAS) reported RSD 1bn in consolidated net profit for 1H 2017, up 18.4% versus 1H 2016, on higher revenues and higher operating profit. The company’s consolidated operating sales for the period arrived at RSD 4.3bn, up 6.6% y/y, at first place due to growth at domestic market, since export accounted only 11.5% of total sales, (while growth was at 39%). Operating profit arrived at RSD 1.2bn, up 23.4% y/y, since operating margin was up from 23.8% to current 27.6%. Cash position remains strong (over RSD 4bn in short term placements), while debt does not exists in a material amount.

Provider
BDD Wise broker
BDD Wise broker

Founded in 2000, WISE Broker was one of the pioneers in the evolution of the Serbian financial market. Today, we are one of the leading brokerage institutions in Republic of Serbia.

Broker-dealer company Wise broker a.d. Belgrade has been incorporated in 2000 under the name of Senzal. In 2007, we became a member of KBC Group headquartered in Brussels when we changed our name into BDD KBC Securities a.d. Belgrade. Since July 2011, we have continued our activity as an independent investment company, providing financial services as WISE Broker .

Our team members have consistently taken leading positions in the most prominent investor surveys and provide the full range of investment services including trading, equity sales, market research, equity capital markets and corporate advisory. Strong sales and trading capabilities and global practices provide our clients with institutional and retail brokerage services. Our trading experts work closely with a range of investors from pension funds to hedge funds, providing an unparalleled view on the market. Global reach and sector specialists keep our clients well informed with unique access to information flows and perspectives. Longstanding ties with corporates allow us to offer insight and a high level of exposure to top company managements. We specialize in strategic and financial advice together with capital raising solutions for both private and listed companies. By growing partnerships, and working with these companies at all stages of their development, we’re able to help structure and execute the widest range of corporate finance solutions. WISEBroker equity research department provide insightful, objective and decisive research, designed to enable informed investment decisions. It is our task to understand industry dynamics, companies, their business segments and competitive position as to create valuable investment guidance.

Analysts
Vladan Pavlovic

ResearchPool Subscriptions

Get the most out of your insights

Get in touch