BANJA LUKA (Bosnia and Herzegovina), November 12 (SeeNews) – Bosnia's hydropower producer Hidroelektrane na Trebisnjici (HET) said it turned to a net profit of 3.1 million marka ($1.8 million/1.6 million euro) in the first nine months of 2018, from a 15.3 million marka loss in the like period of the previous year.
The majority state-owned company's operating income nearly doubled to 44.2 million marka from 20.1 million marka, while its costs rose to 40.9 million marka from 35.8 million marka, HET said in a Banja Luka bourse filing.
Hidroelektrane na Trebisnjici is located in Trebinje, in the Serb Republic, one of the two autonomous entities that form Bosnia and Herzegovina. The other one is the Federation.
(1 euro = 1.95583 marka)