Bosnia and Herzegovina, EP HZHB recorded slightly lower profit in H1 2022, SEE Energy News
Bosnian power utility EP HZHB, the smallest of the three utilities in Bosnia and Herzegovina, recorded a slight decrease of its net profit in the first half of 2022. Its net profit dropped to 10.1 million euros in the first six months of 2022, compared to a net profit of 10.2 million euros recorded in the same period last year.
The company’s operating revenues in the first half of 2022 rose by 4.4 % and reached 102.6 million euros, while operating expenditures also increased by 3.1 % to 88 million euros.
EP HZHB recorded a significant increase of its net profit in 2021. Its net profit rose to 22 million euros, compared to a net profit of just around 420,000 euros recorded in 2020. The company’s operating revenues in 2021 rose by 54.5 % and reached 246 million euros, while operating expenditures increased by 33.6 % to 215.2 million euros.
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