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Serbia's Jedinstvo net profit decreases in Q1 - table

Author Radomir Ralev
Serbia's Jedinstvo net profit decreases in Q1 - table Source: Jedinstvo

BELGRADE (Serbia), May 16 (SeeNews) - Serbian blue-chip construction company Jedinstvo [BEL:JESV] has said its net profit declined to 30.5 million dinars ($289,900/258,600 euro) in the first quarter of 2019 from 41.3 million dinars in the like period of the previous year.

The company's revenue increased 16.3% to 573.5 million dinars, and its operating costs grew 15% to 550.8 million dinars, Jedinstvo said in a bourse filing on Wednesday.

Revenues from the sale of products and services on the domestic market more than doubled to 551.6 million dinars from 237.4 million dinars.

Following are details of Jedinstvo's financial performance (in millions of dinars):

  Q1'19 Q1'18
Revenue 573.524 493.036
Operating profit 22.74 14.078
Net profit 30.492 41.25

(1 euro = 117.959 dinars)