Bosnian Hydro Power Complex Drina 9-mo Gross Profit Quadruples

Bosnian hydro power complex Hidroelektrane na Drini said on Wednesday its net profit soared to 4.2 million marka ($3.0 million/2.1 million euro) through September from 979,000 marka a year earlier.

Following are details from the company's financial statement filed with the Banja Luka Stock Exchange where it is listed (in millions of Bosnian marka):

The company’s total assets fell to 813 million marka at the end of September from 817 million marka a year earlier.

The company stock closed flat at 0.35 marka on Wednesday.

Hidroelektrane na Drini (www.henadrini.com) is located in the eastern part of the Serb Republic, which together with the Muslim-Croat Federation forms post-war Bosnia.

The complex is one of three hydropower groups in the Serb Republic and has a combined installed capacity of 315 megawatts. The other two groups are located on the banks of the Trebisnjica and Vrbas rivers.

(1 euro=1.95583 Bosnian marka)

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