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Bosnian Oil Refinery Brod Cuts 2011 Loss by 30%

23.4.2012 13:43:00 | Author/Source www.seenews.com

Bosnia’s sole oil refinery Rafinerija Nafte Brod [BANJ:RNAF] said on Monday its audited net loss narrowed to 46.3 million marka ($31 million/23.7 million euro) in 2011 from nearly 66 million marka a year earlier.

Operating income rose to 63.2 million marka in 2011 from 49.4 million marka a year earlier, while operating costs increased to 84 million marka from 78 million marka, the company said in its audited financial report filed with the Banja Luka Stock Exchange.

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