Jedinstvo ad Sevojno has annulled 27,346 treasury shares or 9% of total outstanding number, the Central Securities Depository informed.

This year, the General Assembly of the company passed a decision to annul all of its own shares that the company had at its disposal at that moment, and after a few months the entire procedure was completed.
Currently, the company owns 2,650 treasury shares, which makes up less than 1% of the total outstanding number.

After the cancellation, Jedinstvo owns 277,373 shares, with nominal value of RSD 1,500 per share.

Jedinstvo ad Sevojno posted consolidated revenues, which includes operations of the parent company and its daughter firms, amounted to RSD 2.6bn in the period January-June of 2018, which is 20%lower compared to the same period of 2017.

Consolidated operating profit (EBIT) arrived at RSD 49.2m, down 59.5% vs. 2017, while consolidated net profit reached RSD 75.1m – an increase of 10.7% compared to the period January-June of 2017.

Total capital of the company amounted to RSD 5.1bn at the end of June, while consolidated book value of share was at RSD 16,780.9.

By resolution of the Supervisory Board of Jedinstvo, Annual General Meeting of shareholders will be held on June 26, 2017, 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 2017 Annual financial report (non-consolidated and consolidated one),
• distribution of profit,
• appointment of auditor for the 2018 fiscal year,
• proposal of reducing the Company’s share capital by cancelling its own shares,
• proposal of new buyback program.

The shareholder holding at least 0.1% of the total number of Company shares i.e. 277 shares, i.e. proxy who represents the shareholders holding at least 277 shares of Jedinstvo on the Shareholders` day (June 16) shall have the right to participate personally in the activities of the Shareholders’ Assembly.

Jedinstvo renewed its share buyback program approved by the AGM and supervisory board of the company.
Jedinstvo purchased additional 4,836 shares (1.6% of total number) in a price range of RSD 5,000-5,100 per share.
At the moment, Jedinstvo holds a 6.73% stake of treasury shares.

Jedinstvo ad Sevojno posted RSD 2.1bn in nonconsolidated revenues in the period January-September, which includes operations of the parent company without its daughter firms.

On the bottom line, Jedinstvo reached RSD 36.4m in net profit, up 8.3 percent compared to the same period of 2016, though it suffered operating loss in the amount of RSD 121.4m.

Total capital of the parent company amounted to RSD 2.47bn at the end of September, while nonconsolidated book value of stock was at RSD 8,112.2.

Jedinstvo ad Sevojno announced it has signed an agreement with state-run power utility Elektroprivreda Srbije (EPS), as a member of the consortium that leads Mitsubishi Hitachi Power Systems, to build a flue gas desulphurisation unit at thermal power plant (TPP) Nikola Tesla A (TENT).

The contract value of the equipment and works for the construction of the unit is around EUR 167m, while a EUR 95.5m of contracted job related to Jedinstvo alone, the company said in a statement through the Belgrade Stock Exchange. The deadline for completing the construction works is 36 months.

Jedinstvo ad Sevojno posted consolidated revenues, which includes operations of the parent company and its daughter firms, amounted to RSD 3.2bn in the period January-June of 2017, which is 15% better compared to the same period of 2016.

Consolidated operating profit (EBIT) arrived at RSD 121.4m, 2.6 times higher vs. 2016, while consolidated net profit reached RSD 67.9m – an increase of 27.1% compared to the period January-June of 2016.

Total capital of the company amounted to RSD 5.26bn at the end of June, while consolidated book value of share was at RSD 17,247.1.

The Annual General Meeting of shareholders of Jedinstvo held on June 28 adopted all proposed items on the Agenda, among them the decision on adoption of financial reports and the decision on a profit distribution.

The Assembly of Jedinstvo has decided to distribute a dividend per share in the gross amount of RSD 294.12 (net amount of RSD 250). The Company will pay out almost RSD 80m out of total RSD 161.7m earned as a non-consolidated net profit in 2016.

The record date, by internal acts of the Company, is set on December 31, 2016. The dividend will be paid out in three equal installments, with deadline on the last day of each quarter.

Jedinstvo Group’s consolidated revenues, which includes operations of the parent company and its daughter firms, in 2016 reached almost RSD 6bn, up 31.2 percent compared to the previous year. Operating profit of the company came in at RSD 501.6m, up 146.0 percent, while consolidated net profit in 2016 amounted to RSD 409.2m vs. 96.9m in 2015.

Total capital of the company amounted to RSD 5.3bn at the end of December, 2016, while consolidated book value of the stock was at RSD 17,449.8.