BOSNIA's Sarajevo Osiguranje net profit drops sharply in 2016

The net profit of Bosnian insurer Sarajevo Osiguranje dropped to 55,000 marka (28,100 euro) in 2016 from 451,600 marka a year earlier, the company said.

Sarajevo Osiguranje's gross written premiums fell 5.2% to 45.1 million marka last year, while its net operating costs increased to 24.3 million marka from 20.6 million marka, the insurance company said in a filing with the Sarajevo Stock Exchange late on Friday. Read the full story

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