Cooking Oil Producer Net Profit Rises

Brčko-based cooking oil producer Bimal said its net profit increased to 8.3 million KM last year, from 7.3 million KM a year earlier. The company’s operating income increased 6.7% to 193.5 million KM in 2016, while its operating costs rose 6.6% to 180.7 million KM, the company said in a filing with the Sarajevo Stock Exchange.

Bimal was privatized in 2002 by Austrian firm Seed Oil Holdings GmbH, partially owned by Vienna-based Studen Holding.

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