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Bosnia's Nestro Petrol net profit soars in H1

Bosnia's Nestro Petrol net profit soars in H1 Source: Nestro Petrol

BANJA LUKA (Bosnia and Herzegovina), July 12 (SeeNews) – Bosnian fuel retailer Nestro Petrol [BANJ:PTRL-R-A] recorded a net profit of 1.9 million marka ($1.1 million/971,455 euro) in the first half of 2019, compared to 204,804 marka in the like period of last year, it

The company's operating income grew to 115.6 million marka from 115.0 million marka, while total revenue edged up 0.4% on the year to 116.1 million marka, Nestro Petrol said in a financial statement filed with the Banja Luka Stock Exchange on Thursday.

The company's operating costs fell to 112.4 million marka from 113.7 million marka.

Russian oil and gas company Zarubezhneft, through its subsidiary Neftegazinkor, owns 80% of Nestro Petrol.

(1 euro = 1.95583​ marka)