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Bosnia’s Elvaco cuts 9-mo net loss

Oct 22, 2012, 4:12:32 PMArticle by Valentina Dimitrievska
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October 22 (SeeNews) - Bosnia's Elvaco has cut its net loss to 313,512 marka ($208,910/160,296 euro) in the first nine months of 2012 from 1.3 million marka a year earlier, the producer of welding electrodes and steel reinforcements for construction said on Monday.

Bosnia’s Elvaco cuts 9-mo net loss

Total income fell to 10.68 million marka in the first nine months from 10.88 million a year earlier, while total costs decreased to 10.99 million marka from 12.21 million, Bijeljina-based Elvaco said in its financial statement filed with the Banja Luka Stock Exchange.

(1 euro = 1.95583 Bosnian marka)

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