Net Profit of Serbian Companies Drops Nearly 10% in 2024 Despite Revenue Growth – Trade Sector Leads in Profit Share

According to the 2024 annual report from the Serbian Business Registers Agency (APR), a total of 112,670 companies operated in Serbia last year, employing 1,325,497 people. While total revenues rose by 5.3% to RSD 20.086 trillion, expenses grew by 6%, reaching RSD 18.989 trillion.

Net profit for the year amounted to RSD 866 billion, marking a 9.9% decrease compared to 2023. A total of 68,387 companies reported a positive net result, while 31,069 operated at a loss. The largest contributions to overall profit came from the trade, manufacturing, mining, and construction sectors.

The trade sector accounted for the highest share of total profit at 24%.

Company assets increased by 7.9%, equity rose by 6.8%, while debt levels remained unchanged from the previous year. The majority of financial resources were concentrated in manufacturing and trade.

Positive net working capital grew by 25%, reaching RSD 657 billion. However, micro-enterprises remained largely in financial imbalance.

The full report is available on the APR website under the financial reports section.

Agencija za privredne registre Beograd

APR

Annual Report on Economic Operations in 2024