Bosnian Hydro Power Complex Drina H1 Net Profit Plunges
Bosnian hydro power complex Drina said its net profit plunged to 1.6 million marka ($1.2 million/818,000 euro) in the first half of 2011 from 7.3 million marka a year earlier.
Following are details from Hidroelektrane na Drini's financial statement filed with the Banja Luka Stock Exchange last month where it is listed (in millions of Bosnian marka):
The company’s operating assets totalled 828 million marka at the end of June, down from 830 million marka nine months earlier.
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.