Brod refinery to use last year’s profits to cover accumulated losses – Bosnia and Herzegovina, 23 May 2016

Profit achieved by the Bosnian oil refinery in Bosanski Brod in 2015 will be allocated to cover part of the accumulated losses from previous years, according to a draft proposal for the company’s shareholders’ Assembly, scheduled for 24 June.
Brod refinery recorded a profit of some 2.95 million euros in 2015 and after covering a part of the company’s accumulated losses, total loss will be reduced to around 266 million euros.

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