BANJA LUKA (Bosnia and Herzegovina), February 27 (SeeNews) – Bosnian fuel retailer Nestro Petrol [BANJ:PTRL-R-A] said on Friday it turned to a consolidated net profit of 5.6 million marka ($3.2 million/2.9 million euro) in 2014 from a net loss of 464,000 marka a year earlier.
Total revenues declined 12% to 262 million marka in 2014 while total costs fell to 256.4 million marka from 298.8 million marka, Nestro Petrol said in its consolidated financial statement filed with the Banja Luka Stock Exchange.
Russian oil and gas company Zarubezhneft, through its subsidiary Neftegazinkor, owns 80% of Nestro Petrol.
(1 euro=1.95583 Bosnian marka)