SERBIA: Knjaz Milos 2003 revenue announced
Knjaz Milos, the Serbian mineral water and soft drinks producer, has posted its revenue figures for 2003. The company announced revenue of 4.4 billion dinars (US$76m). No comparative figures were available.
Volume rose to an all-time high, with the company bottling 252m units of all its brands, a rise of 14% year-on-year.
The company predicts an increase in output in 2004 of 9%. Knajz Milos predicts revenue from exports to over 20 countries to reach €15m. The producer intends to invest around 350m dinars this year in a production line to bottle Aqua-Viva mineral water and to construct an office building.
Knjaz Milos has a 60% share of the Serbian market and has also had an export presence since the 1990s.
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