Serbia's Fintel Energija cons net profit rises in 2021

Fintel Energija [BEL:FINT], the Serbian subsidiary of Italy's Fintel Energia Group, said it recorded a net profit of 910.7 million dinars ($8.2 million/7.7 million euro) in 2021, up from a 22.8 million dinars net profit in the previous year.

Fintel Energija's revenue rose 38.5% to 2.481 billion dinars in 2021, while financial expenses went up to 1.240 billion dinars from 1.104 billion dinars, the company said in its annual consolidated financial statement.

The company recorded an operating profit of 1.24 billion dinars, versus a 686.9 million dinars operating profit in 2021.

In November 2018, Fintel Energija successfully completed the first initial public offering (IPO) on the Belgrade Stock Exchange since 1940.

(1 euro = 117.578 dinars)

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