Montenegro: Power utility EPCG marks net profit 13MEUR 1Q2015, SEE Energy News
Power utility EPCG which is managed and partially owned by Italian A2A marked net profit in the first quarter of 13.4 MEUR, which is 3.3% less than in the same period last year. Operating income increased 1.9 percent to 65.7 MEUR, while expenses were 51.82 MEUR.
The costs of salaries, benefits and other personnel expenses amounted to 11.2 MEUR, depreciation and provisions 10.6 MEUR and materials 14.3 MEUR.
Other operating expenses amounted to 11.4 MEUR. Total assets of the company were worth 1.2 billion EUR, which is 1.5 percent more than in the comparative period.
Accumulated losses amounted to 222 MEUR, short-term provisions and liabilities 75.4 MEUR, and long-term 92.6 MEUR. Deferred tax liabilities amounted to 44.5 MEUR. , transmits serbia-energy.eu