Projected incomes of Business system "Energoprojekt" until end of June - 101m EUR

Business system "Energoprojekt" plans to realize incomes in amount of 101.1m EUR and gross profit in amount of 4.3m EUR in the first half of year 2008.

According to the business plan, projected incomes for entire year 2008 amount to 235.3m EUR, which is 13% more than the prognoses for year 2007.

According to the statement about six-month business plan, all activities carried out prior to April 14 were in accordance with the business plan.

According to the business plan for year 2008, "Energoprojekt holding" and 11 companies from the system of "Energoprojekt" should realize gross profit in amount of 12.8m EUR, which is 24% more than the projected profit for year 2007, and net profit in amount of 11.53m EUR.

"Energoprojekt holding" should realize one third of the projected profit, that is, gross profit in amount of 4m EUR and net profit worth 3.6m EUR, while 11 companies from that system should realize gross profit in amount of 8.8m EUR and net profit in amount of 7.93m EUR.

Projected value of works is 322.93m EUR, which is 17% less than the prognosis for year 2007.

The works in Serbia will participate in total value with 41.4%, 27.3% of value will be realized in Russia and Kazakhstan, 21.4% in Africa, 6.3% in Europe, 2.5% in Near East and 1.2% in North America.

The largest share in the projected contracted workers, with about 90% of value, will have companies contractors - Visokogradnja (149.6m EUR), Oprema (77.1m EUR) and Niskogradnja (64.3m EUR).

The system also encompasses Hidroinženjering, Urbanizam i arhitektura, Entel, Industrija, Energodata, Garant, Ingraf and Promet.

Energoprojekt holding increased its profit in 2007 by 13.51%, to 294.11m RSD (approximately 3.6m EUR).