Jedinstvo ad Sevojno posted nonconsolidated revenues of RSD 3.7bn in 2015, operating profit (EBIT) arrived at RSD 146.6m, while net profit reached RSD 147.7m, the company announced in its Annual Report.

Management of the company expects 20% higher sales in 2016, which means that volume of executed jobs will match at least 2014 level. As stated in the company’s Annual Report, the volume of contracted jobs, to support this expansion, is available already in 1Q 2016.
In Serbia, Jedinstvo contracted several jobs such as transfer station at Subotica (EUR 3.2m) and oil storage at Novi Sad (EUR 3.8m), while several jobs were started abroad such a water system in Bar (Montenegro – EUR 8m) and EUR 2.5m worth job in Republic of Srpska (Bosnia – the first project at this market).

In accordance with the Capital Market Act and the Rules on the Contents and Methods of Public Companies’ Reporting, Jedinstvo has informed the public through the Belgrade Stock Exchange of its record date.

According to a public statement, the company’s Articles of Association set December 31st, 2015, for the date when a list of company’s shareholders entitled to dividend from the profits made in the current year will be established.

The list of shareholders will be established upon the data from the Central Securities Depository and Clearing House’s Single Evidence of Shareholders on December 31st, 2015, i.e. every shareholder on the record of shareholders on the last trading day of 2015 will be entitled to the dividend.

A resolution on the payment of dividend wil be passed by an annual general meeting, upon the adoption of financial reports for 2015.

Jedinstvo (JESV) paid out the last tranche of approved cash dividend on Friday, December 11th. Shareholders were approved to receive RSD 294.1 per share, or three equal parts of RSD 98.04 per share. In total, the company paid out around RSD 88m through dividend this year. As already known, record date at Jedinstvo is December 31st.

Jedinstvo announced on Friday its non-consolidated quarterly and nine months financial results for 2015, in accordance with the Law on the capital market.

In the period January-September 2015, Jedinstvo returned to the path of profitability as a result of its huge profit margin in the third quater of the year. The Company posted 3Q 2015 net profit of RSD 257.1m RSD, which is an increase of three times compared to the same period last year. In the first nine months of 2015, Jedinstvo announced net profit of RSD 37.7m, down 65% compared to the same period of 2014.

In the January-September period of the current year, Jedinstvo has announced operating revenues of RSD 2.2bn compared to RSD 2.7bn posted in the same period last year.

Non-consolidated financial reports of the Company do not take into account financial results in its dependent companies in Russia, Slovenia, Montenegro and Serbia.

Jedinstvo Group`s consolidated revenues, which includes operations of the parent company and its daughter firms, in the first six months of 2015 amounted to EUR 1.8bn compared to a RSD 2.2bn from the same period last year.

The Company’s management notified in the 1H business report that it expects to see the same sales in 2015 as in the previous year, if taking into account the fact that works at northern part of Kosovo region are intensified and additional EUR 7-8m of new jobs were contracted in July. In addition, construction works at Bar (Montenegro), worth EUR 10m, should be started soon, the report said.

Due to reduced implementation of the contracted projects, Jedinstvo recorded a net loss for the first six months of RSD 166.1m.

The Annual General Meeting of shareholders of Jedinstvo held on June 25 adopted all proposed items on the Agenda, among them the decesion 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 294.1 (net amount of RSD 250). The Company will pay out RSD 87.92m out of total RSD 244.1m earned as a non-consolidated net profit in 2014.

The record date, by internal acts of the Company, is set on December 31, 2014. The dividend will be paid out in three equal installments, with deadline on the last day of each quarter.

The Assembly of Jedinstvo has adopted also measures regarding an improvement of implementation of corporate culture of the Company.

By resolution of the Supervisory Board of Jedinstvo, annual General Meeting of shareholders will be held on Thursday, June 25, 2015 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 2014 Annual financial report (nonconsolidated and consolidated one),
– distribution of profit,
– appointment of auditor for the 2015 fiscal year,
– reviewing the implementation of the Code of Corporate Governance, proposals for an improvement of the corporate culture of the Company.

The shareholder holding at least 0.1% of the total number of Company shares i.e. 299 shares, i.e. proxy who represents the shareholders holding at least 299 shares of Jedinstvo on the Shareholders` day (June 15) shall have the right to participate personally in the activities of the Shareholders’ Assembly.

Jedinstvo ad Sevojno posted nonconsolidated revenues of RSD 4.76bn in 2014, which is 13.8% higher compared to the previous year, the Company reported on the Belgrade Stock Exchange.

Nonconsolidated EBITDA (earnings before interest, tax, depreciation and amortization) amounted to RSD 381.9m (down 12%), while operated profit (EBIT) arrived at RSD 225.6m which is 19.2% lower than in 2013. Net profit of the Company reached RSD 244.1m, 2% lower compared to the previous year.

Jedinstvo’s equity at the end of 2014 amounted RSD 2.37bn, while book value per share on Decembar 31 was RSD 7,776.35.

Consolidated financial reports, which includes operations of the parent company and its daughter firms, Jedinstvo will announce till the end of May.

Jedinstvo Sevojno has acquired Pozega-based foundry (Livnica Pozega), which was in a restructuring process, the company reported on the Belgrade Stock Exchange.

This transaction was RSD 309 million (EUR 2.5 million) worth as it was placed bid from Jedinstvo, apart from a lower amount offered by Polish Luma Investment, which was the other company competing for Livnica Pozega.

Mr Mica Micic, the President of Jedinstvo, says that Livnica Pozega is an export oriented company which faced troubles due to the high debt. The company is now bought free of debt and Jedinstvo will tend to increase production and invest certain amount of money (EUR 0.5 million).
Livnica Pozega is now the ninth depended company from Jedinstvo Group, which has annual revenue of around EUR 70m, Mr Micic added.

Jedinstvo paid out the last tranche of approved cash dividend, on Tuesday, 23 December.

As already known, shareholders were approved to receive RSD 294.1 per share, or three equal parts of RSD 98.04 per share. In total, the Company paid out RSD 88.5 million.

Earlier this month, the Company announced that a dividend date would be 31 December, as usual.