Source: Tanjug | Tuesday, 04.03.2014.| 14:12
Highlight an article Print out the news

EPS turns highest profit in seven years - RSD 19 billion

(Photo: eps.rs)
The Electric Power Company of Serbia (EPS) last year achieved the best financial results in the past seven years and turned a profit of about RSD 19 billion, EPS Acting General Manager Aleksandar Obradovic said Monday.

The EPS now ranks second in Serbia in the amount of profit registered in 2013, right behind the Petroleum Industry of Serbia (NIS), Obradovic pointed out at a press conference in the company headquarters in Belgrade.

The company's revenue from electricity sales of RSD 200 billion in 2013 was a historic high, he said when presenting business results for the previous year.

As he explained, the new management introduced some emergency measures and instead of the projected loss of RSD 22 billion in 2013, the company managed to generate profits and avoid bankruptcy through savings and successful operations.

Last year's revenues of EPS were 12 percent bigger than in 2012, whereas expenditures dropped 15 percent or RSD 9.4 billion from 2012, he added.

He also stressed that the EPS had had a record production in 2013 totaling 37.4 billion kilowatt-hours of electricity, up 2.9 billion kWh from 2012.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE