The company Energoinvest achieved total revenues of 197 million BAM last year, which is less than the year before when they were 209.1 million BAM.
Expenditures fell from 208.7 million to 196.1 million BAM.
The net profit was 312,336 BAM, while the year before it was 399,520 BAM.
The Federation of Bosnia and Herzegovina (FBiH) is the majority owner of the company with 67 percent of the shares. The company has been operating on the edge of solvency for years, and has a lot of problems with getting projects on the domestic market.
On the other hand, they recently announced that they expect the ceremonial commissioning of a 115-kilometer-long 400 kV transmission line and a 400/220/33 kV substation, through which the power systems of Tanzania and Kenya will be interconnected for the first time.
They worked on this project, worth 100 million U.S. dollars (181.12 million BAM), for four years.
