SERBIA:

ENHL: Energoprojekt’s consolidated net profit down over 50% in 2017, on FX losses
Energoprojekt (ENHL) reported its FY 2017 consolidated financial statements, where we see drop in net profit for over 50% y/y, to RSD 524m, due to appearance of financial loss, which was triggered by huge negative FX result. The company’s sales stagnated at RSD 32.9bn, probably due to RSD appreciation, while operating profit was up 43%, to RSD 1bn, on the back of positive change in inventories.
Source: Belex, Ilirika

EC maintains Serbian GDP forecast for 2017 at 3.3%
The European Commission (EC) said it has maintained its forecast for Serbia’s economic growth in 2018 at 3.3%, backed by domestic demand and investment activity. Gross domestic product (GDP) growth is expected to accelerate to 3.5% in 2019 as the unemployment rate is foreseen to decline to 10% next year from 12.1% in 2018, the Commission said in its Spring 2018 Economic Forecast published on its website on Wednesday.
Source: SeeNews

AERO: Etihad Cargo launches flights to Belgrade
The cargo division of Etihad Airways, Etihad Cargo, has launched flights from the Abu Dhabi and East Midlands airports to Belgrade, EX-YU Aviation News reports. Route will be operated by Boeing 777-200F, which has a net capacity of 100 tons. A total of 4,791,712 kilograms of cargo passed through the Belgrade Nikola Tesla Airport during the first quarter, which is 29.6% more than in the corresponding period of 2017.
Source: Ekapija

REGION:

SBITOP down 0.23%
After two non-working days, SBITO was down today by 0.23%. Almost all names from first quotation were in red, apart from Krka, which was up 0.35%, while at the same time being most traded with EUR 134ths in volume. Top looser was Gorenje since it lost 1.87%
Source: LJSE, ilriika

INO:

Dow erases nearly 400-point loss, closes slightly higher, European stocks close lower as euro zone inflation slips, US starts trade talks with China
Stocks jumped off session lows on Thursday, slashing steep losses seen earlier in the day. As of 2:39 p.m. ET, the Dow Jones industrial average traded 56 points higher after falling nearly 400 points. The S&P 500 was down 0.23%, while Nasdaq lost 0.18%.
Tesla reported better-than-forecast quarterly results Wednesday after the close. However, the stock fell 6 percent after CEO Elon Musk dismissed questions from analysts regarding gross margins and Model 3 production. Meanwhile, Church & Dwight, Blue Apron and Express Scripts also posted results that beat the Street's forecasts.
European equities closed lower Thursday as investors monitored inflation data, U.S.-China trade talks and new earnings reports. The pan-European Stoxx 600 closed provisionally down 0.75 percent with every sector and major bourse trading in negative territory.
Shares of Logitech jumped 6.5 percent, and led the gains across Europe, after announcing that there could be an increase in its gross margin targets. BPost fell 13 percent following an announcement that its full-year results will come at the low end of its guidance.
Adidas dropped 6.8 percent following its first-quarter results. The company reported better-than-expected net profit but its Reebok business saw a disappointing performance.
On the data front, euro zone inflation unexpectedly declined in April, raising questions about the European Central Bank's plan to scale back its stimulus program.
Source: CNBC, Ilirika