Bosnian Brewer Banjalucka Pivara Cuts 9-mo Loss by 36%, Cautious on Q4 - Table

"Relatively benign weather in August-September helped us to recover some of the deficit from previous months. Totals sales for the quarter were just under 94,000 hectolitres and total income was 7.6 million marka," the company said in a statement filed with the Banja Luka stock exchange last week.

The outlook for the fourth quarter remains cautious as the economic crisis continues to bite into consumers' disposal income, the statement said.

Following are details from Banjalucka Pivara’s financial statement (in millions of Bosnian marka):

The company's operating assets totalled 57.37 million marka at September 30, down from 61.93 million nine months earlier.

Banjalucka Pivara (www.banjaluskapivara.com), based in Banja Luka, is the sole brewery in the Serb Republic, one of the two parts of post-war Bosnia. The other is the Muslim-Croat Federation. The brewery produces the Nektar and Slavsko brands.

Bosnia has four other breweries, all of them privately owned and based in the Federation: Sarajevska Pivara, Pivara Tuzla, Bihacka Pivovara and Uniline Brewery.

(1 euro=1.95583 Bosnian marka)