Bosnias electrodes producer Elvaco says Q1 loss up by 39% y/y.

By bne IntelliNews May 30, 2011
Bosnian producer of welding electrodes Elvaco widened its loss by 39% y/y to KM 0.6mn (EUR 0.3mn) in 2010 from KM 0.4mn a year earlier, the company said in a filing to the Banja Luka Stock Exchange. Total revenues decreased by 12.5% y/y to nearly KM 2mn, while costs were down by 4.1% y/y, according to the companys preliminary results. Elvacos share capital amounted to KM 12.7mn as at end-March. Its assets totalled KM 18.6mn, down by 1.6% from end-2010. The companys long-term debts increased by 10.2% ytd to KM 6.5mn, while short-term ones decreased by 4.5% ytd to KM 6.4mn as at end-March. We recall that two years ago, Bijeljina-based company Bobar bought 51% of Elvaco for about KM 3.3mn from engineering company Integral Inzenjering. The shares were sold on the Banja Luka Stock Exchange as part of Integral Inzenjerings restructuring plans.

Related Articles

EUs Sannino invites Bosnian leaders for conciliatory talks on March 22.

The European Commissions director general for enlargement Stefano Sannino has invited the leaders of Bosnias seven main political parties for consultations in Brussels on March 22 in an attempt ... more

Bosnias Serb Republic PPI, CPI inflation eases in Feb 2013.

Growth of consumer prices in Bosnias Serb Republic eased to 0.9% y/y in February from 1.5% y/y in January, as the annual decline of clothing and footwear prices widened, the entitys statistics ... more

Bosnias Federation fails to sell 67% of engineering company Hidrogradnja.

Bosnias Federation has failed to sell its 67% stake in engineering company Hidrogradnja due to lack of investor interest, the entitys privatisation agency said in a statement. The remaining 33% ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss