Bosnian hydro power producer HET swings to 9-mo net loss

SARAJEVO (Bosnia and Herzegovina), October 30 (SeeNews) – Bosnian hydro power producer Hidroelektrane na Trebisnjici (HET) [BANJ:HETR-R-A] said on Wednesday it turned to a net loss of 11.65 million marka ($6.6 million/6.0 million euro) in the first nine months of 2019, from a 3.1 million marka net profit in the like period of last year.

The majority state-owned company's operating income decreased to 25.9 million marka from 44.2 million marka, while its costs fell to 37.5 million marka from 40.9 million marka, HET said in a filing to the Banja Luka Stock Exchange (BLSE).

Hidroelektrane na Trebisnjici's shares last traded on October 28 at 0.22 marka on the BLSE, unchanged from the day before.

(1 euro = 1.95583 marka)

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