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.