Bosnian Frozen Food Distributor Fratello Trade 9-mo Net Profit Plunges

Fratello Trade launched Bosnia’s first-ever initial public offering by a privately-held company at the end of 2008. Its shares are listed on the Banja Luka Stock Exchange.

Following are details from Fratello Trade's financial statement posted earlier this week on the bourse's website (in Bosnian marka):

Fratello (www.fratello-trade.com), based in Banja Luka, operates on the markets of Bosnia, Serbia and Montenegro.

The company's shares were last traded on August 17, closing 5.0% up at 4.2 marka.

(1 euro=1.95583 Bosnian marka)