Imlek buys back own shares for EUR 1.8 million

According to the data provided by the Central Securities Register, the largest domestic dairy company Imlek bought back 0.77 percent of own shares in a stock repurchase bid closed on October 31st.

This time, Imlek repurchased nearly 67,000 shares for RSD 3,100 a piece, thus spending RSD 207.5 million (about EUR 1.8 million). This is the first time that Imlek has acquired own shares at the share price of RSD 3,100, which is slightly below the historic high these securities hit in March this year.

With the share price of RSD 3,100, Imlek's market cap amounts to RSD 27.1 billion (about EUR 238 million).

Imlek's consolidated business revenue in 2011 amounted to RSD 25.8 billion, whereas its consolidated net profit reached RSD 1.95 billion last year.

In the first six months of this year, the consolidated business revenue of Imlek grew from last year's 12.6 billion to 13.4 billion dinars, while its net profit dropped 18.7 percent, to RSD 942.9 million, due to increased financial and other expenditures.