Net profit of Energoprojekt halved to RSD 524 million in 2017

The construction company Energoprojekt Holding has published consolidated results for 2017, which include the operations of both the parent company and its subsidiaries.

The consolidated income grew by 2.3% to RSD 33 billion in 2017, largely as a result of the company's engagement in foreign markets.

The realization in Serbia reached RSD 13.8 billion last year, whereas the realization in foreign markets (primarily in Africa, CIS and the Middle East) amounted to RSD 18.9 billion.

Despite the growth of consolidated operating profit by 434% to a billion dinars, the company's net profit was reduced by 54% to RSD 524 million.

This is down to larger interest expenses and lower overall revenues than in 2016, but also the reservation of the cost of USD 5 million, incurred on a project in Belarus, based on a guarantee collected by the investor.

Energoprojekt Holding a.d. Beograd

Energoprojekt Holding income

Energoprojekt Holding profit

Energoprojekt Holding expenses