Friday, March 21, 2008

BOSANSKI BROD OIL REFINERY REPORTS A LOSS

BOSANSKI BROD, Bosnia (March 21,2008) – The Bosanski Brod oil refinery has reported a net loss of 64.1 million Bosnian Marks by the end of 2007. Its revenue last year totalled 21.1 million Bosnian Marks, while expenditures amounted to 85.2 million Bosnian Marks.

The assets of the refinery as of December 31, 2007 were 519 million Bosnian Marks, and its capital was worth 195 million Bosnian Marks.

The unaudited financial statement also shows 113.6 million Bosnian Marks of long-term and 195 million Bosnian Marks of short-term liabilities by the end of 2007. Russian NefteGazInCor is the majority shareholder (79 per cent).
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