UPDATE 1 - Serbia’s Energoprojekt Holding 9-mo non-cons net profit up 73%

Non-consolidated operating revenues rose 14.3% to 320.9 million dinars through September with operating costs at 269 million dinars, the blue-chip company said in an unaudited third-quarter report.

"The jump in net profit was mainly fuelled by financial income and currency fluctuations as Energoprojekt Holding gets most of its revenues in foreign currency while booking its costs in dinars," Milos Bijanic, financial analyst at Belgrade-based brokerage Sinteza Invest Group, told SeeNews.

Financial income rose to 568.1 million dinars through September from 392 million dinars a year earlier.

"The company's claims rose by around 50% compared to end-2011 which is a source of concern as they now account for a third of its current assets," Bijanic added.

(1 euro=114.2365 Serbian dinars)