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Serbia's Tigar 2023 net loss widens

May 22, 2024, 2:32:33 PMArticle by Djordje Jajcanin
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May 22 (SeeNews) - Serbian rubber and chemical products manufacturer Tigar [BEL:TIGR] reported on Wednesday a net loss of 1.2 billion dinars ($11.1 million/10.2 million euro) in 2023, compared with a net loss of 824.3 million dinars for the previous year.

Serbia's Tigar 2023 net loss widens
Author: Tigar Tyres. License: All rights reserved

The company's revenue decreased 17.2% year-on-year to 2.4 billion dinars in 2023, while expenses fell to 3.1 billion dinars from 3.3 billion dinars, Tigar said in a filing with the Belgrade Stock Exchange.

Following are details of Tigar's financial performance in 2023 (in billions of dinars):

2023 2022
Operating costs 3.132 3.246
Revenue 2.437 2.898
Net profit/loss -1.193 -0.824

1 euro = 117.117 dinars

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