Serbian companies generated profit of 972.4 billion dinars

Companies in Serbia ended last year with a profit of 972.4 billion dinars. The result is 12.3 percent better than the year before, according to the Annual Financial Reports Bulletin of the Business Register Agency (APR).

However, last year also saw companies doubling their expenses for financing to 101.9 billion dinars.

“Business revenues amounted to 18.12 billion dinars and have increased by 2.7%, while business expenses are reported in the amount of 16.86 billion dinars and have increased by 2.2%,” states APR, adding: “A positive result was also recorded from other activities related to the adjustment of the value of assets and receivables, written-off receivables and other activities, where a profit of 17.7 billion dinars was recorded, in contrast to the previous year when the negative result was 46.5 billion dinars. On the other hand, in the financing part, the expenses more than doubled and amounted to 101.9 billion dinars”.

The processing industry had the biggest expenses for financing, which stood at 48.8 billion dinars, 59 percent more than in 2022. Interest-related expenses reached 33.5 billion dinars, 61 percent more than the year before.

Communications and information sectors recorded record-high expenses for financing, which stood at 25.3 billion dinars last year, 177.9 percent more than the year before. Interest-related costs contributed to such a bad result.  

Wholesale and retail companies had expenses for financing in the amount of 35.2 billion dinars, 62.4 percent higher than the year before. Interest-related costs amounted to 30.4 billion dinars, i.e. 72 percent more than in 2022.

On the cost side of financing, interest-related expenses increased the most – exactly 66.4 percent. In 2022, the loans, or rather the interest on them, cost the business sector 104 billion dinars and last year it grew to 173 billion.

(Forbes Serbia, 24.06.2024)

https://forbes.n1info.rs/novac/kamate-debelo-kostale-privredu-finansiranje-im-donelo-gubitak-od-101-milijarde-dinara/

This post is also available in: Italiano

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