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Bosnia's RiTE Ugljevik posts lower net profit in Q1

Apr 30, 2024, 12:18:27 PMArticle by Dragana Petrushevska
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April 30 (SeeNews) - Bosnian coal mining and energy producing company RiTE Ugljevik [BANJ:RTEU-R-A] said on Tuesday its net profit decreased 38.7% on the year to 3.6 million marka ($2 million/1.8 million euro) in the first quarter of 2024.

Bosnia's RiTE Ugljevik posts lower net profit in Q1
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RiTE Ugljevik's operating income went down 2.3% on the year to 46.3 million marka in January-March, while operating costs increased by 3.3% to 42.4 million marka, the company said in a filing with the Banja Luka Stock Exchange (BLSE).

The company's shares last traded on the BLSE on April 26, closing flat at 0.017 marka.

(1 euro = 1.956 marka)

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