profit decline

NIS reports decline in profit for 2024 amid major overhaul and US sanctions

In 2024, Serbia’s oil company NIS achieved an EBITDA of RSD 44.4 billion and a net profit of RSD 10.1 billion, according to its official annual report published on the Belgrade Stock Exchange. Over the course of the year, NIS sold a total of 3,750 tons of oil and oil derivatives. However, the company’s net profit was significantly lower than in 2023, dropping four times from RSD 41.9 billion, marking the weakest result since 2020. This figure was revised down…