Bosnia:”BiH Electric Power Industry”, profit decreased by 60% compared to the same period of 2013th

Published on 4. September 2014., SEE Energy News

“BiH Electric Power Industry” achieved a ​​net profit of 4, 6 MEUR in the first half of 2014^th, which is 59.3% weaker result than in the previous year when the profit was11, 3 MEUR.

The company achieved operating income of 243, 6 MEUR for the first half of 2014^th, which is about 2.5% less than in the previous year when the income amounts to 249, 8 MEUR.

Operating expenses amounted to 235, 7 MEUR and are higher compared to the same period last year when they met in the amount of 227, 2 MEUR.

At higher operating expenses affected the increased material costs and depreciation costs. Salaries and employee benefits, which amounted to 39, 6 MEUR, have been slightly reduced.

“BiH Electric Power Industry” employed 4,915 employees at the end of the first half of 2014^th, 10 fewer than in the same period last year.

“BiH Electric Power Industry” has long-term liabilities of 74, 9 MEUR, while current liabilities amounted to 99,8 million KM, of which the largest part goes to the operating liabilities 36, 1 MEUR (advances and deposits, obligations to the suppliers in the country and abroad.