Tigar A.D. Pirot announced consolidated and parent earnings results for the nine months ended September 2012. For the period, the company reported consolidated net loss of RSD 254,912,000 on operating income of RSD 3,100,686,000 compared to net profit of RSD 7,393,000 on operating income of RSD 3,810,506,000 for the corresponding period last year. Loss from operations was RSD 194,414,000 against profit from operations of RSD 110,401,000 for the same period last year. Loss before taxation was RSD 233,850,000 against profit before taxation of RSD 23,252,000 for the same period a year ago. Net cash outflow from operating activities was RSD 237,730,000 against RSD 727,750,000 of prior year period. Purchase of fixed assets was RSD 9,019,000 against RSD 21,512,000 of prior year period.

For the period, on parent basis, net loss was RSD 64,401,000 on operating income of RSD 2,594,041,000 compared to net profit of RSD 38,094,000 on operating income of RSD 3,024,669,000 for the corresponding period last year. Profit from operations was RSD 34,013,000 against RSD 70,935,000 for the same period last year. Loss before taxation was RSD 54,619,000 against profit before taxation of RSD 45,598,000 for the same period a year ago.