Serbian Blue Chip Energoprojekt Expects 30% Fall in 2009 Cons Gross Profit to 8.9 Mln Euro

Energoprojekt plans to raise its 2009 revenue by only 1.0% to 238.6 million euro, the company said in a filing to the Belgrade Stock Exchange (BELEX). The 2009 figures are compared to the company's end-2008 projections.

The company expects a 21% rise in its consolidated gross profit this year, to 12.8 million euro. Last month it said its net profit more than tripled to 520 million dinars ($8.4 million/5.9 million euro) in the first nine months of 2008.

Energoprojekt provided the following data (in millions of euro):

Its stock fell 0.72% to 555 dinars on BELEX on Monday.

Energoprojekt Holding (www.energoprojekt.co.yu) operates in the fields of energy, town planning, infrastructure, architecture and environment protection.

(1 euro = 88.0848 dinars)