March 8 (SeeNews) - Bosnian oil refinery Rafinerija Nafte Brod [BANJ:RNAF-R-A] said it narrowed its net loss to 42.6 million marka ($22.9 million/21.8 million euro) in 2022, compared to 115.8 million marka recorded the year before.
Operating revenues soared to nearly 68 million marka in 2022, compared with just 2.1 million marka a year earlier, while operating costs were 96.2% higher at 85.4 million marka, the company said in a financial report filed with the Banja Luka Stock Exchange (BLSE) last week.
Rafinerija Nafte's shares last traded on the BLSE on February 20, when they closed 1.14% lower at 0.0087 marka.
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)