RiTE Ugljevik announced earnings results for the first quarter ended March 2018. For the quarter, the company reported net profit more than doubled to BAM 258,215 ($159,500/€132,000), from BAM 102,545 in the same period a year earlier. Operating income fell 2.1% on the year to BAM 34.7 million through March, while operating costs lost 4.9% to BAM 33.9 million.

The company announced earlier it expects to produce 1,780 GWh of electricity in 2018.