Zemun-based Planum to undertake EUR 90 million worth of works in 2012
Zemun-based construction company Planum last year generated 30% of revenues in the country and 70% abroad.
Planum has already inked contracts for about RSD 3 billion projects in Serbia and projects worth approximately EUR 60 million in Russia and Kazakhstan in 2012.
- We also expect to sign an agreement in the first quarter of this year for a project in Angola, of which total value is about USD 1 billion - says Planum CEO Ratomir Todorovic.
- We will be building military facilities in that country, and the value of that first agreement is expected to be about USD 150 million.
The profit that Planum generated in Serbia last year amounts to about RSD 50 million, and Todorovic says it would be much bigger if there were not for expensive loans that this construction company practically lends to the state to finance the construction of the northern branch of Corridor X and the first section of the Belgrade-South Adriatic highway. Liabilities to banks were last year larger than the expenditure for gross salaries for all employees.
Planum's shares are listed on the Belgrade Stock Exchange, but they have not been traded so much in the previous period. With the latest share price of RSD 642, the company's market cap amounts to RSD 265.9 million (EUR 2.6 million).
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
24.04.2024. | Construction, Healthcare
Price of construction of Tirsova 2 increases to EUR 141.6 million – Contract awarded to consortium of 10 companies
24.04.2024. | Construction, Healthcare
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
24.04.2024. | Construction, Transport
Dates of publishing of tenders for construction of three sections of fast railroad from Belgrade to Nis known
24.04.2024. | Construction, Transport