Drop in revenues and growth of profit of Jedinstvo in first half of 2017 – Net profit at RSD 21.7 million
Jedinstvo recorded non-consolidated operating revenues of RSD 1.5 billion in the first half of the year, a drop by 34.5% compared to the corresponding period of 2016, whereas the operating profit jumped 2.7 times to RSD 34.2 million, Financial profit amounted to around RSD 32 billion.
Other revenues amounted to slightly over 2 million, whereas other expenditures exceeded RSD 47 million. Due to an increase in other expenditures, the end result was only 42.1% higher, amounting to RSD 21.7 million.
The company will publish its consolidated results by the end of the month.
Jedinstvo had consolidated operating revenues of RSD 6 billion in 2016, a growth by 31.2%, whereas the net profit jumped 4.2 times to RSD 409.2 million, largely thanks to the activities of the subsidiary Novi Pazar Put.
The company's shares have grown by 22% this year, and its market cap stands at RSD 1.5 billion (EUR 12.8 million) at the latest price of RSD 5,000, Wisebroker reports.
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
25.04.2024. | Construction, Tourism, Sports, Culture
Zlatibor to get recreation lake in “Krst” location – Tender for preparation of documentation for construction of Miladin Pecinar dam opened
25.04.2024. | Construction, Tourism, Sports, Culture
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
24.04.2024. | Construction, Tourism, Sports, Culture
The Nis multifunctional cultural center with 2,000 spaces to be built in another location after all – Contest for preliminary design opened
24.04.2024. | Construction, Tourism, Sports, Culture