Sunday, November 3, 2024
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Sarajevo

Total loss of Russian-owned Brod Refinery 536 million KM

Russian-owned Oil Refinery in Bosanski Brod ended the third quarter of this year with the loss of about 9.7 million KM.

The financial report for the third quarter of 2015, published on the Banja Luka Stock Exchange, stated that the loss of the company was significantly reduced comparing to last year, when in the same period amounted to 27.5 million.

Accumulated losses of Refinery exceeded half a billion KM at the end of the third quarter of this year, and reached the amount of 536.5 million KM.

Refinery’s liabilities exceeded 662 million KM, of which long-term liabilities were 586 million KM, and short-term were 76 million KM.

Refinery generated 73 million KM in revenues for nine months of the year. Number of employees was reduced by 146, which means there were 1,228 employees.

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