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Bosnia's Elektroprivreda BiH net profit more than halves in 2019

Bosnia's Elektroprivreda BiH net profit more than halves in 2019 Ministry of Economy/All rights reserved.

SARAJEVO (Bosnia and Herzegovina), March 26 (SeeNews) – Bosnian power utility Elektroprivreda BiH [SAJ:JPESR] said on Thursday its net profit more than halved to 20 million marka ($11.3 million/10.3 million euro) in 2019, from 52 million marka a year earlier.

The company's operating revenue remained virtually unchanged on the year at 1 billion marka, while its operating costs increased 0.7% to 981 million marka, EPBiH said in an interim financial statement filed with the Sarajevo Stock Exchange (SASE).

At the same time, the company's expenses on impairment and write-offs of receivables soared to 41 million kuna in the twelve months ending December, from 8 million marka in 2018. 

EPBiH's shares last traded on SASE on March 19, closing flat at 13.9 marka. 

(1 euro = 1.95583 marka)

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