Montenegro: EPCG profit reached 114 million euros in Q1

, SEE Energy News

Montenegrin state-owned power utility EPCG recorded a net profit in the amount of 113.9 million euros in the first quarter of 2023, compared to a profit of 33.5 million euros in the same period last year.

The company’s net sales increased by 11% year-on-year and reached 176.3 million euros last year, while its operational expenditures dropped by an annual 15% to 96.3 million euros.

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