SARAJEVO (Bosnia and Herzegovina), July 30 (SeeNews) – Bosnian power utility Elektroprivreda HZHB [SAJ:JPEMR] said its net profit jumped to nearly 20 million marka ($12.1 million/10.2 million euro) in the first half of 2021, compared with just 499,593 marka in the same period last year.
The company's operating revenue rose 21.1% year-on-year to 191.1 million marka in the January-June period, while operating costs increased by 10.7% to 165.7 million marka, the company said in a financial statement on Thursday.
The power utility's financial income dropped to 559,808 marka from 704,001 marka in the first six months of 2020, whereas financial expenses rose to 3.5 million marka from 2.8 million marka.
Elektroprivreda HZHB is the smallest of the three Bosnian state-owned power utilities. It is based in the Federation entity.
Bosnia's largest power utility is Elektroprivreda BiH, also based in the Federation, which together with the Serb Republic entity forms Bosnia and Herzegovina. Elektroprivreda RS is the power utility of the Serb Republic.
(1 euro = 1.95583 marka)