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SERBIA: Knjaz Milos 2003 revenue announced

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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.


Sectors: Soft drinks, Water

Companies: Aqua

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