Bosnias Elektroprivreda BiH, Elektroprivreda RS end 2011 profitably.

By bne IntelliNews June 28, 2012
Bosnias biggest power utility Elektroprivreda BiH turned to a BAM 1.48mn (EUR 756,700) profit last year after posting a BAM 14.4mn loss in 2010, the company said on its website. Total revenue rose to BAM 959mn in 2011 from BAM 885mn a year earlier. The companys shareholders decided on June 26 to pay a total of BAM 668,300 as dividend, to allocate BAM 518,550 for investment and leave the remaining BAM 296,700 in reserves. Government-controlled Elektroprivreda BiH also said that it produced 7,295 gigawatt-hours of electricity in 2011, up by 0.1% than planned and 1.6% higher on the year. Costs for raw material supply for electricity production, including costs for coal transportation, totalled BAM 419mn, or 44% of the firms overall expenses in 2011. There are two other power utilities in Bosnia Elektroprivreda HZ BH and Elektroprivreda RS. Elektroprivreda RS posted a BAM 6.4mn profit in 2011, its director Branislava Milekic was quoted as saying by news agency Srna. It was not clear whether the figure refers to the profit in net terms. Furthermore, Milekic provided no annual comparison. According to the companys website, it posted a BAM 10.2mn net profit in 2010. Milekic also said Elektroprivreda RS produced 5,298 GWh of electricity last year when it was faced with very unfavourable hydrological conditions. The company operates three hydropower complexes and two mining and thermal power units. It produced 5.56 million tonnes of coal in 2011.

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