Tag: Gacko

RiTE Gacko in dire financial situation – Bosnia and Herzegovina, 19 February 2021

The Confederation of Trade Unions of the Republic of Srpska (RS) warned that the operation of coalmine and thermal power plant (RiTE) Gacko is increasingly uncertain and the survival of large number of jobs is at risk. Last week, the management of RiTE Gacko informed its parent company ERS and R Full article available for […]

RiTE Gacko recorded 0.87 million euros profit in the first nine months of 2020 – Bosnia and Herzegovina, 18 December 2020

Coalmine and thermal power plant (RiTE) Gacko, operated by power utility ERS, recorded a net profit in the amount of some 870,000 euros in the first nine months of 2020, compared to a net loss of 15 million euros in the same period last year. The company’s operating income increased by 31 % in th […]

RiTE Gacko recorded 0.5 million euros profit in H1 2020 – Bosnia and Herzegovina, 10 August 2020

Coalmine and thermal power plant (RiTE) Gacko, operated by power utility ERS, recorded a net profit in the amount of some 500,000 euros in the first half of 2020, compared to a net loss of 11.9 million euros in the same period last year. The company’s revenues dropped by 52.4 % in the first s […]