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Serbia's Energoprojekt targets 18 mln euro cons gross profit in 2020

Author Radomir Ralev
Serbia's Energoprojekt targets 18 mln euro cons gross profit in 2020 Source: Energoprojekt Holding

BELGRADE (Serbia), January 21 (SeeNews) - Serbian blue-chip civil engineering group Energoprojekt [BEL:ENHL] targets a gross consolidated profit of 18 million euro ($20 million) in 2020, it said.

The company expects to generate consolidated revenues of 273.9 million euro and to agree new orders with a combined value of 242.7 million euro this year, Energoprojekt said in a filing with the Belgrade Stock Exchange last week.

The non-consolidated profit of Energoprojekt for 2020 is estimated at 2.4 million euro on revenues of 6.3 million euro, according to the company's business pland for 2020-2024.

Energoprojekt aims to reach a consolidated revenue of 300 million euro in 2024, it said.

In the first half of 2019, Energoprojekt recorded a consolidated revenue of 11.6 billion dinars ($109.5 million/98.7 million euro), up from 10.7 billion dinars in the like period of 2018. The company's consolidated revenue declined to 15.6 billion dinars from 16.7 billion dinars in 2018, while gross profit rose to 1 billion dinars from 730 million dinars.

($ = 0.9009 euro)

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