You have 10 free articles left this month. Get your freeBasic subscription now and gain instant access to more.

Bosnia's Rafinerija Nafte Brod net loss widens sharply in H1

Bosnia's Rafinerija Nafte Brod net loss widens sharply in H1 Bosnia's Brod refinery

BANJA LUKA (Bosnia and Herzegovina), July 30 (SeeNews) – Bosnian oil refinery Rafinerija Nafte Brod [BANJ:RNAF-R-A] said on Tuesday its net loss soared to 55.8 million marka ($31.8 million/28.5 million euro) in the first half of 2019, from 6.1 million marka a year earlier.

Operating revenues plummeted 93.4% on the year to 2.4 million marka in the first six months, while operating costs dropped to 26.6 million marka from 35.8 million marka, the company said in a financial report filed with the Banja Luka Stock Exchange.

Rafinerija Nafte, based in Brod in the northwestern part of Bosnia’s Serb Republic, is majority-owned by Russia's NeftegasInCor.

The Serb Republic is one of the two autonomous parts of Bosnia and Herzegovina. The other one is the Federation.

(1 euro = 1.95583 marka)

Compare