April 29 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] recorded a net profit of 837,297 euro ($895,129) in the first quarter of 2024, compared with a profit of 1.7 million euro in the prior-year period, it said.
Revenue increased by 4.6% on the year to 20.4 million euro in the first quarter of 2024, while operating costs rose to 15.6 million euro from 14.6 million euro, the telecommunications company said in a bourse filing last Friday.
Crnogorski Telekom's shares are listed on the prime market segment of the Montenegro Stock Exchange. They last traded on Friday, closing at 2.03 euro.
Croatia's biggest operator, Hrvatski Telekom [ZSE:HT-R-A], controls 76.93% of Crnogorski Telekom.
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