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.
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