Bosnian power utility Elektroprivreda BiH [SAJ:JPESR] said on Friday it posted a
net profit of 10.6 million marka ($6.1 million/5.4 million euro) in the first
quarter of 2015.
Operating revenues reached 245.6 million marka through
March, a spokesperson forElektroprivreda BiH (EPBiH) told SeeNews in an
email.
In the first quarter of 2015, the company generated 1,845 GWh of
electricity which is slightly less than 90% of the planned volumes, mainly due
to coal undersupply caused by ongoing repairs at coal mining facilities damaged
by last year’s floods, EPBiH said.
Earlier this year, EPBiH told SeeNews
that it plans to raise electricity output by 3.3% to 7,651 GWh in 2015, due to
expected shorter downtime at its thermal power plants for regular
overhauls.
EPBiH's net profit plunged to 3.2 million marka in 2014 from
37 million marka a year earlier while its electricity output fell 0.9% to
7,403.6 GWh.
The record floods that hit Bosnia in May last year are
estimated to have cost it around 15% of gross domestic product.
EPBiH
operates in the Muslim-Croat Federation, one of the two autonomous entities
making up Bosnia and Herzegovina. The other one is the Serb Republic. It is the
biggest of Bosnia’s three power utilities.