Company Overview of AD Imlek
AD Imlek operates as a milk processor in the territories of Serbia, Montenegro, Bosnia and Herzegovina and Macedonia. It offers cheese and butter products, such as cream cheese, semi-hard cheese, white cheese, processed cheese, butter, and cheese spreads; fermented products, including sour milk and creams, and yoghurts; milk products, such as fresh milk and UHT flavored milk; and organic products. The company was founded in 1953 and is based in Belgrade, Serbia. AD Imlek operates as a subsidiary of Danube Foods Group B.V.
Industrijsko Naselje bb
Founded in 1953
Key Executives for AD Imlek
AD Imlek does not have any Key Executives recorded.
AD Imlek Key Developments
Danube Foods Reportedly Mulls Acquisition of Imlek and Bambi
Feb 8 15
Danube Foods Group B.V. is reportedly seeking acquisition of stake in AD Imlek (BELEX:IMLK)and Bambi a.d. (BELEX:BMBI). Danube Foods Group, which is being acquired by private equity firm Mid Europa Partners LLP, plans to launch buyout bids for Serbian dairy firm AD Imlek and confectionery maker Bambi a.d. in partnership with several other firms, possibly acting on behalf of Mid Europa, Belgrade stock exchange data showed. Adriatic Minorityco 001 said in two separate stock exchange filings late on February 3, 2015, that it intends to launch the two buyout bids together with Danube Foods, Adriatic BidCo B.V., and Diandra Corporation N.V. Danube Foods Group added it will submit a request to Serbia's securities commission to allow it to start the procedures in the next 15 days. Among the named bidders, only Danube Foods is an existing shareholder of Imlek, controlling a stake of 80.44%. Therefore, the bid will target buying out the remaining 19.56%. As far as Bambi is concerned, Adriatic Minorityco 001 is acting jointly with Imlek, Adriatic BidCo and Diandra Corporation. The only existing shareholder in Bambi is Imlek, with a stake of 66%. The bid will target the remaining 34%.
Imlek Reports Consolidated Earnings Results for the First Half of 2014
Aug 29 14
Imlek reported consolidated earnings results for the first half of 2014. For the period, the company's net profit rose to KWD 1.85 billion from KWD 1.81 billion a year earlier. Operating income increased to KWD 21.9 billion through June 2014 from KWD 18.8 billion a year earlier.
Imlek Announces Earnings Results for the Fiscal Year 2013
Apr 2 14
Imlek announced earnings results for the fiscal year 2013. The company announced that its net profit decreased 15% to RSD 2.27 billion ($27.1 million/EUR 19.7 million) in 2013. Operating revenue increased 1.8% to RSD 21.66 billion last year while operating costs rose 1.7% to RSD 18.3 billion.
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