SARAJEVO (Bosnia and Herzegovina), March 4 (SeeNews) – Bosnian hydro power producer Hidroelektrane na Trebisnjici (HET) [BANJ:HETR-R-A] said it closed 2020 with a net profit of 120,465 marka ($74,150/61,600 euro), compared with a 13 million marka loss in 2019.
The company's operating income increased to 48.4 million marka last year from 39.1 million marka, while its operating costs narrowed to 49.9 million marka from 51.4 million marka, HET said in a filing to the Banja Luka Stock Exchange (BLSE) on Tuesday.
At the same time, the company's financial expenses fell by 15% year-on-year to 730,650 marka in 2020.
Hidroelektrane na Trebisnjici's shares closed flat at 0.19 marka on the BLSE on Wednesday.
(1 euro = 1.95583 marka)