January 31 (SeeNews) - Bosnia and Herzegovina-based metal processing company Zrak-Optomehanika [SAJ:ZROMR] said on Tuesday its shareholders approved a plan to decrease the company's equity capital to 1.528 million marka ($847,000/782,300 euro) from 2.026 million marka to cover earlier losses.
The capital reduction will be carried out by lowering the nominal value of its shares to 57 marka from 100 marka, Zrak-Optomehanika said in a bourse filing.
Zrak-Optomehanika's current capital of 3.554 million marka is divided into 35,536 shares, bourse data shows.
The company generated a net profit of 202,195 marka in 2021, after booking a net loss of 69,718 marka a year ealier.
Its shares last traded on the Sarajevo bourse on August 30, when they closed 2.44% higher at 8.4 marka.
(1 euro = 1.95583 marka)