Drop in revenues and growth of profit of Jedinstvo in first half of 2017 – Net profit at RSD 21.7 million

Jedinstvo Sevojno has published non-consolidated operating results from the first six months of 2017, during which it recorded a drop in realization and a growth of profit, Wisebroker reports.

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.

MPP Jedinstvo Sevojno a.d. Sevojno

Novi Pazar put d.o.o. Novi Pazar

Jedinstvo Sevojno business results

Jedinstvo Sevojno operating income

Jedinstvo Sevojno shares