August 17 (SeeNews) - Fintel Energija [BEL:FINT], the Serbian subsidiary of Italy's Fintel Energia Group, said it booked 339 million dinars ($2.93 million/2.89 million euro) profit in the first half of 2022, down from 566 million dinars in the like period of last year.
Fintel Energija's revenue decreased 10% on the year to 1.152 billion dinars in the January-June period, while operating expenses dropped to 558 million dinars from 565 million dinars, the company said in a first-half consolidated financial statement filed with the Belgrade stock exchange earlier this week.
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In May, Fintel Energija and local diversified holding MK Group started the construction of a 10 MW wind park worth 17.5 million euro near the country's northern town of Kula. The construction of the wind park is expected to be completed by the end of the year.
In November 2018, Fintel Energija successfully completed an initial public offering (IPO), the first IPO on the Belgrade Stock Exchange since 1940.
(1 euro = 117.344 dinars)