Bosnian Coal Mine/Power Plant Gacko Turns to 9-mo Loss of 6.2 Mln Euro

The company’s operating assets totalled 397.6 million marka at the end of September, down from 414.5 million marka nine months earlier.

Following are details from Gacko's financial report filed earlier this week to the Banja Luka Stock Exchange (www.blberza.com), where the company is listed (in millions of Bosnian marka):

Its shares were trading unchanged at an average price of 0.187 marka at 1107 GMT on Thursday.

The coal mine and power plant complex is located in the southern part of the Serb Republic, which together with the Muslim-Croat Federation forms post-war Bosnia.

The Gacko power plant is one of two coal-fired plants in the Serb Republic. The other plant is part of the Ugljevik coal mine and power generation complex located in northeastern Bosnia.

The Serb Republic also has three groups of hydropower plants situated along the rivers Drina, Trebisnjica and Vrbas.

(1 euro = 1.95583 Bosnian marka)