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Bosnia's Rafinerija Ulja Modrica net loss widens in 2023

Feb 16, 2024, 11:18:25 AMArticle by Dragana Petrushevska
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February 16 (SeeNews) - Bosnia and Herzegovina's oil refinery Rafinerija Ulja Modrica [BANJ:RFUM-R-A] said it increased its net loss by 33% year-on-year to 2 million marka ($1.1 million/1 million euro) in 2023.

Bosnia's Rafinerija Ulja Modrica net loss widens in 2023

Operating revenue went up 6.9% on the year to 10.5 million marka, while operating costs rose 3.5% to 12.4 million marka in 2023, Rafinerija Ulja Modrica said in a bourse filing on Thursday.

Russia's oil and gas company Neftegazinkor is the majority shareholder in Rafinerija Ulja with a 75.7% stake, according to data on the Banja Luka Stock Exchange.

Its shares last traded on the Banja Luka bourse on January 10, closing flat at 0.07 marka.

(1 euro = 1.956 marka)

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