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Bosnian railway operator Zeljeznice RS expects to swing to profit in 2022

Bosnian railway operator Zeljeznice RS expects to swing to profit in 2022 Train in Poland. Image by Phil Richards.

SARAJEVO (Bosnia and Herzegovina), June 20 (SeeNews) - Zeljeznice RS [BANJ:ZERS], the railway operator of Bosnia’s Serb Republic, hopes to book a net profit of 202,247 marka ($108,900/103,400 euro) in 2022, after reporting a net loss of 17.8 million marka last year, it said.

Zeljeznice RS' total operating revenue is expected to rise to 83.4 million marka in 2022, compared with 60.3 million marka a year earlier, while operating costs are planned to grow to 83.9 million marka from 80.7 million marka, the company said in its 2022 financial plan filed with the Banja Luka bourse.

Zeljeznice RS's shareholders approved the financial plan on Friday, the company said in a separate filing.

In 2022, the railway operator plans to carry 4,837,198 tonnes of cargo, including 3,054,198 tonnes of exports, as well as 68,760 passengers.

The company's shares last traded on the Banja Luka bourse on June 13, closing 2.44% higher at 42 marka.

The Serb Republic is one of two autonomous entities forming Bosnia and Herzegovina. The other entity is the Federation.

(1 euro = 195583 marka)

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