Three top companies in Serbia last year including oil company NIS and state electric power company EPS were published, state business registry agency stated on July 8.
According to the press release of the Serbian state business registry agency, companies on the list of 100 most successful ones stand out among the 94,362 companies that do business in Serbia and mean a significant potential to Serbian economy, despite the overall unfavorable business environment in 2013.
The release states that the growth of the financial capacities of Serbian economy is in phase of slowing down while the profit is mostly concentrated around hundred companies that have the biggest capital.
NIS which is in 56.15 percent ownership of the Russian Gazprom Neft had a business income of more than 2.16 billion euros (2.94 billion U.S. dollars), while the second ranked FIAT Automobiles Serbia 67 per cent owned by the Italian Fiat with 1.49 billion euros.
The third ranked on the list of the Serbian business registry is the state owned power supplier EPS that had a business income of 1.26 billion euros, while the fourth ranked is state telecommunications company Telekom Srbija that profited some 760 million euros in past year.
However the list of the most profitable companies looks slightly different – after leading NIS with a net income of some 450 million euros is Telekom Srbija with 133 million euros. The Third ranked is telecommunications company Telenor with net income some 96.5 million euros.
The business registry agency stated that the hundred most successful companies on the list had annual growth of 10.3 per cent last year, and that they together earned almost 25 billion euros, which is a third of the business income of all 94,362 companies in Serbia in 2013.
The release reads that companies in Serbia have a negative financial result in years but overall losses reduced by 75 percent in 2013 when compared to 2012.
According to the research, one third of the total number of companies in Serbia had a negative financial result in 2013 with total losses of around 4 billion euros.
Source Shanghay Daily
