September 7 (SeeNews) - Bosnian importer and distributor of frozen seafood and vegetables Fratello Trade said its net profit halved to 61,398 marka ($44,991/31,392 euro) through July from 127,296 marka a year earlier.
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 on Friday on the bourse's website (in Bosnian marka):
|
Jan-July'09 |
Jan-July'08 |
NET PROFIT |
61,398 |
127,296 |
OPERATING INCOME |
7,212,130 |
6,786,180 |
OPERATING EXPENSES |
6,939,450 |
6,469,020 |
Fratello, based in Banja Luka, operates on the markets of Bosnia, Serbia and Montenegro. Individual investor Mario Derajic owns 53.5% of Fratello. The remainder is in the hands of smaller shareholders.
The company's shares were last traded on August 17, closing 5.0% up at 4.2 marka.
(1 euro=1.95583 Bosnian marka)