Bosnian steel foundry Jelsingrad loss down by 41.7% y/y in Q1.

By bne IntelliNews April 21, 2011
Bosnian steel foundry Jelsingrad Livar Livnica Celika said its net loss narrowed by 41.7% y/y to KM 0.4mn (EUR 0.2mn) in Q1, the company's preliminary financial reported, posted on the Banja Luka Stock Exchange website, showed. Company revenues soared by 45.8% y/y to KM 3.1mn, while the expenses expanded at a slower rate of 25.5% y/y. The total assets amounted to KM 55.7mn as at end-March, up by 0.8% ytd. Share capital remained unchanged at KM 35.3mn. Jelsingrad, which is 65% Local company Livar controls 65% of . It has capacity of 14,000 tonnes of steel products per year, which are exported to Italy, France, Greece, Germany, Slovenia, Croatia and the Czech Republic.

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