Jedinstvo from Sevojno profitable again owing to Q3 profits

Source: Gde investirati Monday, 16.11.2015. 15:33
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(Photo: mppjedinstvo.co.rs)
The assembly company Jedinstvo from Sevojno is profitable again after turning a net profit of RSD 257.1 million in the period July-September 2015, which is three times as good a result as the one achieved in Q3 2014.
In the first nine months of this year, Jedinstvo registered a profit of RSD 37.7 million, down 65% from the same period last year. The company's business revenue in the period January-September was at RSD 2.2 billion, down from RSD 2.7 billion reported in the same period in 2014.

Published reports represent non-consolidated results of the parent company that do not cover the operations of its subsidiaries in the country and abroad. In addition to affiliates in Russia, Montenegro and Slovenia, Jedinstvo also runs several subsidiaries in the country, including Pozega-based Livnica foundry, which Jedinstvo took over in early 2015.

The shares of Jedinstvo has dropped 9.1% in value on the Belgrade Stock Exchange since the beginning of the year. With the latest share price of RSD 5,000, the company's market cap is at RSD 1.5 billion (EUR 12.7 million).
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