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Bosnian tobacco company Fabrika Duhana Sarajevo swings to H1 net loss

Bosnian tobacco company Fabrika Duhana Sarajevo [SAJ:FDSSR] said on Thursday it turned to a net loss of 620,700 marka ($376,300/317,400 euro) in the first half of 2017, from a profit of 675,500 marka in the like period of last year.

Operating income fell 27.8% year-on-year to 11.7 million marka in January-June, while operating costs decreased 17.8% to 13.8 million marka, Fabrika Duhana Sarajevo said in a statement.

The company operates in Bosnia’s Federation, one of the two autonomous entities forming Bosnia and Herzegovina. Bosnia has one more tobacco factory, Fabrika Duvana Banja Luka, which operates in the other entity, the Serb Republic.

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