Jedinstvo has posted record consolidated revenues of RSD 8.1bn in 2013, which is 34.3% higher compared to the previous year.
The consolidated financial statements of Jedinstvo include by full consolidation parent company and its subsidiaries: Moscow-based Jedinstvo Inženjering, Jedinstvo doo Podgorica, Jedinstvo doo Slovenia, Užice gas, Zlatibor gas, Metaling Eko, AK Raketa i Jedinstvo Metalogradnja.
Revenues from abroad have contributed to total sales with RSD 4.6bn, while domestic market generated revenues of RSD 3.5bn. Position of the largest export market was retained by the Russian Federation, with record sales on it amounted to around EUR 35m.
Consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) reached RSD 674.1m (up 38.5%), while the operating profit (EBIT) amounted to RSD 486.7m, an increase of 59.2% compared to the previous year. Consolidated net profit amounted to RSD 375.3 million, an increase of 13.3%.
At the end of 2013, works on the Olympic University in Sochi have been successfully completed. Works on the project of building a pharmaceutical company Hemofarm Obninsk in Moscow are still in progress, while project of building complex Science Center in Skolkovo and entertainment center in Anapa were contracted. A start of work on both projects is expected for the mid-year. A contract for water supply and sanitation Adriatic Coast III-Bar, Montenegro was signed during the last year and preparations to start works are underway. Much of the implementation of contracts in Slovenia is on the way to be done in current year.