JESV: Jedinstvo reports nearly doubled sales and symbolic profit

Jedinstvo Sevojno (JESV) reported non-consolidated numbers for 1H 2016, that showed higher volume of executed jobs and only symbolic profit.

Namely, the company's sales in the period arrived at RSD 2.2bn, up 80.8% y/y, which suggests that much higher volume of jobs was executed during 1H16, while operating profit was at symbolic RSD 12.7m, but still better versus RSD 216.9m operating loss from 1H15. Net profit was also small at RSD 15.2m, but also better versus RSD net loss of RSD 219.4m form 1H15. Shares of Jedinstvo have decreased 21.1% in 2016 so far, while market cap of the company stands at RSD 1.2bn (EUR 10m).

Source: Wisebroker

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