Elektroprivreda Srbije (EPS) emerged as Serbia’s most successful economic entity in 2023, achieving the highest profitability, revenues, and financial capacities, despite carrying the largest cumulative loss, according to the Serbian Business Registers Agency (APR).
EPS was followed by Telekom Srbija and Naftna Industrija Srbije (NIS), which also ranked among the top entities in terms of assets and capital.
Serbia’s economy continued its growth trajectory in 2023, with economic entities reporting a 5.1% increase in total revenues to 5.82 trillion dinars and a slower rise in expenses of 1.8% to 5.29 trillion dinars. The net profit across all entities reached 452.64 billion dinars, a 65.6% increase compared to last year. A total of 579 economic entities, comprising 1,889 subsidiaries and affiliates, posted net gains, while 104 entities reported losses.
The combined assets of Serbia’s economic entities rose by 8.3% to 7.26 trillion dinars, while capital increased by 11.6% to 3.43 trillion dinars. Liabilities grew at a slower pace of 6.3%, amounting to 3.93 trillion dinars. Notably, cumulative losses remained steady at 803.18 billion dinars, while capital loss rates improved slightly, dropping to 19.5% from 21.3% the previous year.
Delta Holding controlled the highest number of legal entities (67), followed by Koefik (44) and MPZ-Agrar groups (42 each). Employment within economic entities rose by 5,418, reaching a total of 331,551 workers. The APR’s report, covering 683 entities with 2,258 affiliated legal units, highlights Serbia’s resilient economic performance despite global macroeconomic challenges.
Photo: EPS multimedia