Montenegro: EPCG recorded 4 million euros profit in 2022

, SEE Energy News

Montenegrin state-owned power utility “Elektroprivreda Crne Gore” recorded a net profit in the amount of 4 million euros in 2022, compared to a profit of 78.5 million euros in 2021.

The company’s operational revenues increased by 45% year-on-year and reached 516.6 million euros last year, while its operational expenditures also rose by an annual 59 % to 507.2 million euros.

EPCG’s short-term liabilities amounted to 158.3 million euros in the first half of 2022, while its long-term liabilities amounted to 63.1 million euros. The company’s retained earnings at the end of 2022 amounted to 68.6 million euros. Total assets of the company amounted to 1.34 billion euros at the end of December 2022, up 9.6 % on the year.

error: Content is protected !!