Niksic, (MINA-BUSINESS) – Elektroprivreda Crne Gore (EPCG) finished the first quarter with a net profit of €10.7 million, around three times lower than in the same period last year.
According to the company’s report, published on the website of Montenegro Stock Exchange, its operating income amounted to €90.42 million at the end of March, down 1.4 percent year on year.
Compared with the last year’s corresponding period, the operating costs of EPCG increased by 31.7 percent to €79.77 million.
At the end of March, the EPCG’s total assets were worth €1.14 billion, up 0.9 percent year on year.
The long-term and short-term liabilities of EPCG amounted to €50.42 million and €73.54 million respectively, while its deferred tax liabilities totalled €33.22 million.
The company’s non-allocated profit amounted to €59.3 million at the end of March.
The majority owner of EPCG is the state with a 76.89 percent stake, Italy’s A2A holds an 11.93 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
