November 17 (SeeNews) - Fintel Energija [BEL:FINT], the Serbian subsidiary of Italy's Fintel Energia Group, said it turned to a consolidated net profit of 12 million dinars ($115,500/102,100 euro) in the first nine months of 2021 from 21.2 million dinars net loss in the like period of last year.
Fintel Energija's financial income rose 32.2% on the year to 85.8 million dinars in January-September, while financial expenses went down to 46.9 million dinars from 59 million dinars, the company said in an interim consolidated financial statement.
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Fintel Energija's shares last traded on the Belgrade bourse on November 15, closing flat at 600 dinars in a volume of 100.
In November 2018, Fintel Energija successfully completed the first initial public offering (IPO) on the Belgrade Stock Exchange since 1940.
(1 euro = 117.576 dinars)