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Bosnia's Jelsingrad reduces 9-mo net loss

Bosnia's Jelsingrad reduces 9-mo net loss Han maomin/Shutterstock.com

SARAJEVO (Bosnia), November 11 (SeeNews) - Bosnian steel foundry Jelsingrad [BANJ:JLLC-R-A] said on Monday its net loss narrowed to 292,389 marka ($165,021/149,496 euro) in the first nine months of 2019, from 744,347 marka a year earlier.

Operating profit fell 2.2% on the year to 6 million marka in January-September, while operating costs decreased by 5.3% to 6.4 million marka, the company said in a filing with the Banja Luka Stock Exchange (BLSE). 

Total revenue amounted to 6.3 million marka, up 2.8% compared to the first nine months of 2018.

The company's assets totalled 38.1 million marka at the end of September, compared to 41.2 million marka a year earlier. 

Jelsingard's shares last traded on the BLSE on September 17, when they closed unchanged at 0.04 marka. 

(1 euro = 195583 marka) 

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