April 29 (SeeNews) - Serbian construction company Jedinstvo [BEL:JESV] said on Monday that its net profit dropped 21.7% year-on-year to 42.9 million dinars ($392,500/366,300 euro) in the first quarter of 2024.
The company's first-quarter total revenue fell to 1.33 billion dinars on the year from 1.56 billion dinars, and its expenses decreased to 1.22 billion dinars from 1.51 billion dinars, Jedinstvo said in a filing with the Belgrade Stock Exchange.
The revenue from the sale of products and services on the domestic market fell by 21.9% year on year in the first quarter of 2024, to 1.21 billion dinars.
Following are details of Jedinstvo's financial performance (in millions of dinars unless otherwise stated):
|
Q1 '24 |
Q1 '23 |
Revenue |
1.327 bln |
1.559 bln |
Operating profit |
106.4 |
49.6 |
Net profit |
42.9 |
54.8 |
1 euro = 117.114 euro