Jedinstvo Group sees 1H2014 consolidated revenues of RSD 2.2bn

Jedinstvo Group`s consolidated revenues, which includes operations of the parent company and its daughter firms, in the first six months of 2014 amounted to EUR 2.2bn compared to a record high revenues of RSD 3.7bn from the same period last year. As management announced, this year revenues are expected to decrease because Sochi construction works boosted last year performance with almost 50 per cent share in total revenues.

Consolidated operating profit of Jedinstvo Group amounted to RSD 66.6m, a decrease of 66.6 per cent, while net profit reached RSD 44.6m compared to 1H2013 earnings of nearly RSD 160m.

A Moscow-based daughter company, Jedinstvo Inzenjering, has signed recently a contract for the Skolkovo Innovation Center worth around USD 100m, while in Slovenia remaining works to be performed amounts EUR 15m, so Jedinstvo Group has full employment till the end of the year, the company announced in the semi-annual report on the Belgrade Stock Exchange.