Oil Refinery in Modrica recorded a Loss of 53.3 million BAM

The company, whose majority shareholder is a Russian company “NjeftegazinKor”, operated in the first three months with a financial loss of 791,960 BAM while in the same period last year they had a gain in almost the same amount.

In the financial report published on the Banja Luka Stock Exchange, revenues of the Refinery in the first quarter of 2019 amounted to 2.97 million BAM, while last year they were more than six million BAM.

Expenditures amounted to 3.76 million BAM in the first quarter of 2019, and in the same period of 2018 they amounted to 5.2 million BAM.

There were 362 workers working in the refinery.

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