November 16 (SeeNews) - Bosnian brewer Sarajevska Pivara [SAJ:SRPV] said it made a net profit of 58,806 marka ($31,354/30,067 euro) during January-September, significantly lower than the profit of 664,356 marka reported for the like period of last year, despite increased revenue.
Operating revenue jumped to 17.1 million marka in the first nine months of 2022, from 1.8 million marka a year earlier, the company said in a financial report filed with the Sarajevo Stock Exchange (SASE) on Tuesday.
Operating costs edged up 2.8% year-on-year to 15.8 million marka in the period under review.
Sarajevska Pivara reported a value adjustment loss of 249,249 marka in the first nine months of the year, compared with a loss of just 107 marka in the like period of last year.
The company's shares last traded on the SASE on October 17, closing unchanged at 11 marka.
(1 euro = 1.95583 marka)