Bosnia and Herzegovina, RiTE Ugljevik recorded a net profit in the amount of around 5 million euros in H1 2022

, SEE Energy News

Coalmine and thermal power plant (RiTE) Ugljevik recorded a net profit in the amount of around 5 million euros in the first half of 2022, compared to a loss of 9.4 million euros in the same period last year.

The company’s operating revenues in the first six months of 2022 increased by 45.8 % year-on-year and amounted to 45 million euros, while its operational expenditures rose by 6 % to 42.2 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.