Podgorica, (MINA-BUSINESS) – The oil company Jugopetrol finished the last year’s fourth quarter with a net profit of €6.77 million, down 11.2 percent year on year.
According to the company’s report, published on the website of the Montenegro Stock Exchange, Jugopetrol’s operating income amounted to €163.84 million, up 21.2 percent year on year, while its operating costs increased by 23.2 percent to €156.53 million.
The largest share in the total expenses was related to the purchase value of the goods it sold, amounting to €140.69 million.
The total assets of the oil company were worth €106.83 million at the end of the fourth quarter, up 2.8 percent year on year.
The company’s non-allocated profit amounted to €15.4 million, while its long-term and short-term liabilities amounted to €394,720 and €14.66 million respectively.
Jugopetrol’s deferred tax liabilities amounted to €55.73 million at the end the last year.
Since late 2002, the Greek company Hellenic Petroleum is a majority owner of Jugopetrol with a 54.35 percent stake in the company.Longer version of article is available on a link MINA ENGLISH SERVIS
