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Oct 01, 2007 18:57 EEST
BELGRADE (Serbia), October 1 (SeeNews) – Serbian blue-chip engineering holding Energoprojekt said on Monday it has struck a $17.7 million (12.5 million euro) deal to implement a power transmission project in Qatar.
The timeframe for the completion of the project agreed with the Arab country’s electricity authority, Kahrama, is 27 months, Energoprojekt said in a statement to the Belgrade Stock Exchange.
Energoprojekt Holding (www.energoprojekt.co.yu) operates in the fields of energy, town planning, infrastructure, architecture and environment protection. Earlier this year Energoprojekt and Greek real estate group Bluehouse Accession Property signed a 60 million euro deal for the construction of a business centre in the Serbian capital Belgrade. Energoprojekt's net profit soared to 259.109 million dinars last year from 180.447 million dinars in 2005.
Company stock closed at 3,248 dinars ($59/41 euro) on the BELEX on Monday, down 0.06%.
(1 euro = 78.6875 Serbian dinars)
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