Europe: Gas prices slide...

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BiH: RiTE Gacko recorded 18 times lower profit in 2023

RiTE Gacko recorded a net profit of 290,000 euros in 2023, which is 18 times lower compared to a profit of more than 5 million euros in 2022, according to the company’s financial report.

RiTE Gacko recorded a significant increase in expenses in 2023. Total revenues amounted to over 90 million euros, which is about 4.5 million euros higher compared to 2022. The expenses last year reached nearly 90 million euros and increased by almost 10 million euros compared to 2022.

The most significant increases were in fuel and energy costs and the costs of salaries, salary compensations, and other personal earnings.

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