Further growth of TIGAR A.D.’s business activities
30. August 2011. | 11:15
In the first half of 2011, Tigar continued with a positive trend of business operations. Business revenues increased by 14% year-on-year, while consolidated total revenues reached RSD2.5 billion, or by one-fifth more than in 2010.
The first half of the year is a period when the impact of the season is crucial. At the same time, we encountered changes in production dynamics regarding the footwear program, due to adjustments to requests of customers for new products and a shortage of specific components among suppliers.
The revenues growth is evident, but our major challenge in the coming period is to reach objectives planned until 2013 – says Executive Director in Tigar, Jelena Petković.
From the beginning of the year, Tigar has intensified its marketing activities in the aim of promotion, better market positioning of the program and further valorisation of investments in the previous period.
Fashion rubber footwear for women Maniera has been presented at the leading footwear fairs in New York and Birmingham, the protection program will be presented in Dusseldorf, while new models within the hunting and fishing footwear program, targeting the local market primarily, will be promoted at this year’s LORIST.
The company will announce its semi-annual report on September 05.