Telekom Serbia most profitable company in 2015

With a net profit of RSD16.3 billion, Telekom Srbija tops the list of most profitable companies in Serbia in 2015, the Business Registers Agency said at a Sept. 27 presentation of the Top 100 Companies in Serbia.The agency said that Telekom’s 2015 net profit accounted for 3.5 percent of Serbia’s total net profit, but that it was still below the 2014 result of RSD16.9 billion.

The Serbian telecom is the fifth on the list of companies with the most valuable business assets, valued at RSD201.5 billion. The company’s yield rate was nine percent, as opposed to the national yield rate of 2.2 percent.

The Novi Sad-based Petroleum Industry of Serbia (NIS) tops the list of companies with the highest commercial profit and is the second most profitable corporation in 2015. The company’s commercial profit was RSD199.9 billion, having lost 19.3 percent compared to 2014.

NIS’ net profit was RSD16.1 billion, and was nearly halved in 2015. it was RSD0.2 billion lower than Telekom’s.

The Electric Power Company of Serbia (EPS) is the first by the value of business assets, which doubled in 2015 to RSD886.8 billion. The Roads of Serbia came in second, with the business assets two thirds smaller than the national power utility’s.

The greatest net loss last year was Farmakom’s RSD58 billion. The Sabac-based pharmaceutical company reported losses drastically higher than in 2014. The Zelezara Smederevo steel mill came in second, with a loss of RSD17.7 billion, adding 54.3 percent compared to 2014.

The group of firms reported the highest total losses includes Srbijagas. Srbijagas reported losses worth RSD150 billion, a slight 0.6 percent below the 2014 loss, and accounting for 4.3 percent of the total national loss. The gas corporation reported a 11.5 percent growth in commercial profit last year.

(Beta, 27.09.2016)

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