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Bosnia's OC Jahorina cuts capital to cover losses

Bosnia's OC Jahorina cuts capital to cover losses Hotel Bistrica Jahorina

SARAJEVO (Bosnia and Herzegovina), July 27 (SeeNews) - Bosnia's OC Jahorina, the operator of the country's eponymous ski resort, said on Wednesday it has decreased its equity capital to 32.5 million marka ($16.8 million/16.6 million euro) from 71.57 million marka to cover earlier losses.

The capital reduction, carried out by withdrawing and cancelling of shares, covered losses of 35.8 million marka and legal reserves in the amount of 3.25 million marka, OC Jahorina said in a bourse filing.

Following the capital decrease, OC Jahorina's capital is divided into 32,504,292 shares of 1 marka in par value each.

OC Jahorina's net profit decreased to 1.16 million marka in 2021 from 2.1 million marka the year before.

The company's shares last traded on the Banja Luka Stock Exchange (BLSE) on August 6, 2021, when they closed flat at 0.499 marka.

Jahorina, the largest ski resort in Bosnia and Herzegovina, hosted the Winter Olympics in 1984 when the country was still part of former Yugoslavia.

(1 euro = 1.95583 marka)