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Bosnia's Metalotehna pares H1 net loss

Bosnia's Metalotehna pares H1 net loss Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

SARAJEVO (Bosnia and Herzegovina), September 10 (SeeNews) - Bosnia's metal and technical goods trading company Metalotehna [SAJ:MTHN] said its net loss has narrowed to 120,914 marka ($68,264/61,822 euro) in the first half of 2019, from 142,833 marka a year earlier.

First-half operating income fell to 10,340 marka, compared to 25,938 marka in the like period in 2018, the company said in a filing with the Sarajevo Stock Exchange (SASE) on Monday.

Operating costs dropped by 52.7% to 81,256 marka.

The company's total assets amounted to 3.1 million marka at the end of June, compared to 3.2 million marka at end-2018. 

(1 euro = 195583 marka)