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Heba profits rise

This article was originally published in Foodnews

SERBIAN bottled water company Heba has reported a net profit of almost RSD2.0 million (USD28 350) for 2010 against RSD790 000 for the previous year. Colin Graham writes: The south Serbian water bottled water company’s fortunes have been enhanced since local juice producer Nektar acquired it just over a year ago (FOODNEWS 23 April 2010). Its operating revenue, nonetheless, fell to RSD560 million from just under RSD740 million in 2009. However, its operating costs also declined to around RSD600 million year-on-year from RSD893 million the year before. Heba’s assets totalled RSD938 million at the end of December 2010, up from RSD745 million.

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