Bosnia's Energoinvest swings to H1 net loss

Operating income dropped to 56.72 million marka in January-June from 70.42 million marka a year ago, while operating costs declined 11.3% to 62.39 million marka, Energoinvest said in its interim financial statement sent to the Sarajevo Stock Exchange.

Energoinvest has representative offices in Kosovo, Turkey, Croatia, Ethiopia, Algeria, and Libya.

The Federation is one of the two autonomous entities that make up Bosnia and Herzegovina. The other one is the Serb Republic.

In January last year, the government gave the go-ahead to plans to seek a buyer for a 67% state-owned stake in the company.

(1 euro=1.95583 marka)