Montenegro, Jugopetrol recorded a net profit in the amount of 3.76 million euros in H1 2022

, SEE Energy News

Montenegrin fuel retailer Jugopetrol recorded a net profit in the amount of 3.76 million euros in the first half of 2022, which more than three times higher compared to a profit of 1.24 million euros recorded in the same period last year.

The company’s sales revenues increased by 143.4 % in the first six months of 2022 and amounted to 129 million euros, while its operating expenditures also rose by 145 % and amounted to 123 million euros.

Total assets of Jugopetrol at the end of June 2022 amounted to 138 million euros, which is 23.5 % more than in the same period in 2021. Retained earnings of the company amounted to 17 million euros. Long-term liabilities amounted to 1.86 million euros, while short-term liabilities amounted to 41.58 million euros.

The largest shareholder in Jugopetrol is Greek Hellenic Petroleum International, which owns 54.35 % of the shares since 2002. Other shareholders with significant number of shares are: collective custody account 5 with 9.25 %, collective custody account 1 with 8.64 %, and collective custody account 8 with 3.29 %.