Jedinstvo Sevojno records drop in revenues and growth of profit – First quarter income at RSD 2.4 million

Jedinstvo Sevojno has published non-consolidated business results for the first quarter, which is the weakest reported period for the company.

The company's operating income dropped by 18.1% to RSD 646.8 million, whereas the operating profit jumped 2.5 times to RSD 21.7 million, Nevertheless, the end result dropped by 81.8% to RSD 2.4 million, due to poor financing results.

The management says that revenues similar to those in 2016 are expected, and it was noted at the presentation of the annual results that jobs worth over EUR 30 million had been contracted in early 2017 and that additional jobs, important to the company, were expected to be contracted.

The Jedinstvo stock, with a growth of 18.3% YTD, is one of the top gainers in 2017, Wisebroker reports.

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