Bosnia and Herzegovina, RiTE Ugljevik recorded a net profit in the amount of around 5.5 million euros in the first nine months

, SEE Energy News

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net profit in the amount of around 5.5 million euros in the first nine months of 2022, compared to a loss of 6.7 million euros in the same period last year.

The company’s operating revenues in the first nine months of 2022 increased by 27 % year-on-year and amounted to 67.6 million euros, while its operational expenditures rose by 8.3 % to 64.1 million euros.

RiTE Ugljevik recorded a net profit in the amount of some 180,000 euros in 2021, compared to a profit of 780,000 euros in 2020.