SARAJEVO (Bosnia and Herzegovina), March 4 (SeeNews) – Bosnian power utility Elektroprivreda HZHB [SAJ:JPEMR] said its 2020 net profit shrank to 822,000 marka ($506,000/420,000 euro), compared with 2.5 million marka in 2019.
The company's operating revenue fell 33% year-on-year to 310 million marka in 2020, while operating costs decreased by 24% to 313.6 million marka, the company said in a financial statement on Wednesday.
At the same time, the power utility's financial income soared 46% on the year in 2020, reaching 1.8 million marka, whereas financial expenses halved to 4.4 million marka.
Elektroprivreda HZHB is the smallest of the three Bosnian state-owned power utilities. It is based in the Federation entity.
Bosnia's largest power utility is Elektroprivreda BiH, also based in the Federation, which together with the Serb Republic entity forms Bosnia and Herzegovina. Elektroprivreda RS is the power utility of the Serb Republic.
(1 euro = 1.95583 marka)