Niksic, (MINA-BUSINESS) – Elektroprivreda Crne Gore (EPCG) finished the last year with a net profit of €44.08 million, as opposed to a €948.130 loss it had made in 2017.
According to the company’s report, published on the website of Montenegro Stock Exchange, its operating income amounted to €303.86 million at the end of December, up 21.5 percent year on year.
Compared with the 2017, the operating costs of EPCG increased marginally to €272.81 million.
At the end of December, the EPCG’s total assets were worth €1.13 billion, up 3.1 percent year on year.
The long-term and short-term liabilities of EPCG amounted to €51.08 million and €73.56 million respectively, while its deferred tax liabilities totaled €33.22 million.
The company’s non-allocated profit amounted to €48.6 million at the end of 2018.
The majority owner of EPCG is the state with a 70.16 percent stake, Italy’s A2A holds a 28.6 percent stake, while EPCG has a 9.98 percent stake in the company.
Longer version of article is available on a link MINA ENGLISH SERVIS
