Bosnian Steel Foundry Jelsingrad Jan-Sept Loss Edges Up 0.7% Y/Y to 195,000 Euro - Table

Following are details from Jelsingrad’s nine-month financial report, filed with the Banja Luka Stock Exchange (www.blberza.com), where the company is listed (in Bosnian marka):

Jelsingrad’s operating assets totalled 62.9 million marka at the end of September, up from 62.0 million marka nine months earlier. Its shares were last traded on October 17, when they closed at 0.285 marka, down from 0.316 marka on the previous trading on September 18, bourse data showed.

Jelsingrad is based in Banja Luka, the administrative centre of the Serb Republic, which together with the Muslim-Croat Federation forms war-divided Bosnia.

Livar bought the 65% state-owned stake in Jelsingrad in 2005. The Serb Republic’s state pension and restitution funds hold a combined stake of 15% in the company, and the remaining shares are with private investment funds and individuals.

Jelsingrad has 284 workers and an annual capacity of 14,000 tonnes of steel products. It exports its output to Italy, France, Greece, Germany, Slovenia, Croatia and the Czech Republic.

(1 euro=1.95583 Bosnian marka)