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Serbia's Jedinstvo net profit rises 31% in 2023

Feb 12, 2024, 1:40:12 PMArticle by Djordje Jajcanin
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February 12 (SeeNews) - Serbian construction company Jedinstvo [BEL:JESV] said its net profit increased to 312.8 million dinars ($2.9 million/2.7 million euro) in 2023, from 238.7 million dinars the previous year.

Serbia's Jedinstvo net profit rises 31% in 2023
Source: Jedinstvo

The company's revenue increased by 51.5% on the year to 10.3 billion dinars, while its expenses rose to 10.1 billion dinars from 6.6 billion dinars, Jedinstvo said in a bourse filing on Friday.

Revenues from the sale of products and services on the domestic market increased by 53% year over year to 9.8 billion dinars. Meanwhile, sales on the international market surged to 185.6 million dinars from 65.3 million dinars.

Following are details of Jedinstvo's financial performance (in millions of dinars unless otherwise stated):

2023 2022
Revenue 10.342 bln 6.807 bln
Operating profit 312.4 268.3
Net profit 312.8 238.7

1 euro = 117.149 dinars

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