The Chinese company, Zijin Mining, and the MK Group reported the highest profits in 2021, while the Serbian electricity producer, EPS, reported the highest losses, the Serbian Business Registers Agency (APR) said in its annual report.
The report also shows that Zijing Mining reported net profits of 34.36 billion Dinars or almost 13 times more than a year earlier thanks to the production and sales of copper concentrate which brought an income of 5,507 billion Dinars.
The MK Group reported net profits of 26.16 billion, which is almost 10 times more than in 2020. The HBIS Group increased its production and doubled its income to 130.58 billion Dinars while the Petroleum Industry of Serbia (NIS) reported an income of 281.05 billion. The APR report also states that the Delhaize Serbia supermarket chain and Srbijagas are among the 10 most profitable companies.
The APR says that the EPS, which is the largest state-owned company in Serbia, reported losses of 10.95 billion Dinars. EPS reported an income of 319.68 billion Dinars (an increase of 12.6 percent) accounting for 2.2 percent of the total income of the entire economy. The APR report notes that the upsets on the global energy market and problems with electricity production increased expenses by 26.5 percent causing losses. EPS employs 1.9 percent of employees in Serbia (23,507 people or 971 less than in 2020).
The APR list of 100 top companies includes 19 state-owned companies that employ 65,621 people.
Among the state-owned companies, Srbijagas, the Serbian Post Office and public utility company Beogradske Elektrane had the highest profits, public company Putevi Srbije (Roads of Serbia), the Belgrade public transport company, JKP GSP, EPS-JP TE Kosovo and JP Elektrokosmet Pristina were the biggest loss-makers – the report showed.
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