Energoprojekt reports Q3 revenue of RSD 110.3 million - Two new deals closed, valued at over EUR 60 million

Energoprojekt Holding has published its unaudited individual business reports for the Q3 2015 and the first nine months of this year. The company's Q3 business revenue was at RSD 110.3 million, down 29% from the previous year.
Primarily due to reduced financial revenues, net profit dropped from RSD 58.6 million to as low as RSD 143,000.
After nine months in 2015, business revenues were at RSD 391.7 million, down 11%. Business profit, which amounted to approximately RSD 50 million, was minimally decreased in the given period, but net profit sank 30% to RSD 455.9 million.
At the same time, Energoprojekt announced it had closed two new deals - one in Serbia and the other in Peru.
Namely, the Belgrade public company Elektromreza Srbije as an investor and contractor, Energoprojekt Oprema AD from Belgrade as a contract holder, and Energotehnika-Juzna Backa DOO Novi Sad as a member of the group have signed a contract to supply equipment and carry out works on the construction of 2X400kV long-distance power line Pancevo 2 – the Romanian border.
A total value of this contract is EUR 24,685,009.61 (exclusive of VAT), and the work is to be completed in 24 months.
Also, Energoprojekt Niskogradnja AD (in a consortium with Conalvias S.A.) and the Ministry of Transportation and Communications of Peru (Provias Nacional) have signed a contract to do the rehabilitation and reconstruction of a stretch of road between Puerto Bermudes and Ciudad Constitucion in Peru.
The agreed value of works under this contract is EUR 36.5 million (VAT included), and they are to be finished in 24 months.

Energoprojekt Holding a.d. Beograd

EMS ad Beograd

ENERGOPROJEKT OPREMA a.d. Beograd

Energotehnika-Južna Bačka d.o.o. Novi Sad

Energoprojekt Niskogradnja a.d. Beograd

Energoprojekt holding

2X400kV long distance power line Pancevo 2 Romanian border

Conalvias SA

Ministry of Transportation and Communications of Peru

Provias Nacional