Sojaprotein reported earnings results for the nine months of 2016. The company's net profit plummeted to RSD 13.8 million ($514,500/EUR 460,300) in the first nine months from RSD 1.02 billion a year earlier. Operating revenue grew by 48% to RSD 15.7 billion through September, as sales jumped to RSD 4.8 billion from RSD 1.7 billion. Operating costs increased 61.7% to RSD 15.3 billion, as costs of materials increased to RSD 8.7 billion from RSD 5.6 billion. Operating profit declined to RSD 403.7 million from RSD 1.1 billion.

The company processed 168,076 tonnes of soybeans in the period January-September, up 36.7% year-on-year.