Jedinstvo achieved remarkable performance at traditional Belgrade Stock Exchange International Conference which was held Tuesday, 19 November, in Hotel Hyatt Regency. The Company presented to the investment public in the panel regarding investor relations.

The intention of Jedinstvo shareholders to improve the quality of corporate governance through the listing of the Company on Standard Market, announced Mr Dusko Djuric, member of the Executive Board of the Company. Many investors and conference guests were introduced with the history of Jedinstvo, its core business, financial results and the most important business contracts have been signed during the last years and in 2013.

In addition to a appearances at the Conference, representatives of Jedinstvo have attended a number of meetings with potential investors from Estonia, Finland, Hungary, USA, Slovenia, who are interested in the Company’s business prospects and investment opportunities.

The last part of the dividend from last year`s profit were paid out to Jedinstvo shareholders on Thursday, 31 October.

A total amount of RSD 88.5m were paid out to shareholders, while remaining amount from 2012 profit (RSD 141m) remained as retained earnings.

Gross dividend per share amounted to RSD 294.12 (net dividend of RSD 250) and according to a shareholders assembly decision dividends were paid out in three equal installments from July 1.

As in previous years, 31 December will be a record date for payment of dividends from this year’s profit, i.e. ex-dividend day wil be 1 January, 2014.

Jedinstvo has announced its consolidated business results for the first six months, which show a significant increase in key financial indicators.
Jedinstvo announced consolidated business revenue of RSD 3.73bn in the first half of the year, up nearly 70 percent from the same period last year, with the company’s core business accounting for most of the revenue. Operating profit at the end of June stood at RSD 188.2m, whereas the consolidated net profit was somewhat in excess of RSD 142 million, almost three times as much as the end result achieved in the first six months of the last year.
The consolidated results of Jedinstvo include the results of the parent company and eight subsidiaries, six of which operate in the country and two abroad.
In the same period, parent company announced revenues of RSD 1.81bn (+24.1%), operating profit amounted RSD 105.3m, while net profit was at RSD 91.5m (4.5 times higher than in 1H2012).

An agreement on a project to construct a water supply system for three municipalities in northern Kosovo was signed in the northern Kosovo town of Zubin Potok on Tuesday, 16 July.

The agreement was signed by Director of the Serbian government’s Office for Kosovo-Metohija Aleksandar Vulin, Presidents of the Municipalities of Zubin Potok, Zvecan and Kosovska Mitrovica, Slavisa Ristic, Dragisa Milovic and Dragisa Vlaskovic, respectively, and a representative of Jedinstvo, general manager Marko Batakovic.

The costs for the project will amount to RSD 1.17bn and the construction works should begin in mid-August and have an 18-month deadline.

After entering Slovenian market this year, Jedinstvo has won EUR 32m worth of contracts in this EU country for the work on the water supply systems of municipalities Lendava, Crensovci, Velika Polana, Turnisce, Odranci, Dobrovnik and Kobilje.

These projects will keep over 200 workers busy over the next year and a half. The work will be financed from European so-called cohesion funds where 85 percent of the funds are provided by Europe and 15 percent by Slovenia.

The company also expect to ink a EUR 13.2m contract by the end of the month to build a water supply system for the City of Bar, Montenegro. This project will be financed by the German Credit Bank.

Last month was very successful for our company, both abroad and in Serbia, where Jedinstvo was the sole bidder for the construction of water supply systems for municipalities Zubin Potok, Zvecan and Kosovska Mitrovica. These projects are worth about EUR 12m.

By resolution of the Supervisory Board of Jedinstvo, annual General Meeting of shareholders will be held on Wednesday, 12 June, 2013 at 12:00 at the registered office of the Company. The agenda of the annual general meeting of shareholders is the following:

• adoption of the 2012 Annual financial report (nonconsolidated and consolidated one),
• distribution of profit,
• adoption of the Decision to list the Company on Listing B – Standard Market of the Belgrade Stock Exchange.

The shareholder holding at least 0.1% of the total number of Company shares i.e. 300 shares, i.e. proxy who represents the shareholders holding at least 300 shares of Jedinstvo on the Shareholders` day (June 2) shall have the right to participate personally in the activities of the Shareholders’ Assembly.

Jedinstvo and its dependent companies has achieved record high level of revenues in 2012 totaled RSD 6bn on a consolidated basis. Consolidated revenues surged 35.5% compared to 2011, while operating profit was 6.1% weaker and amounted to RSD 305.7m. Condolidated net profit decreased 10.2% to RSD 331.2m.

The largest contribution to the proceeds was given by the parent company, which achieved a total revenues of RSD 4.2bn, while the Russian subsidiary of Jedinstvo, Jedinstvo Engeenering, achieved revenues of RSD 2.4 bn.

Regarding earnings, the parent company made ​​the largest contribution to profit (earnings of RSD 241.3m), following by Uzice Gas (RSD 64.1m) and Moscow-based Jedinstvo Engeenering (RSD 52.6m).