PODGORICA (Montenegro), October 30 (SeeNews) – Montenegrin coal mine Rudnik Uglja a.d. Pljevlja [MNG:RUPV] turned to a net profit of 2.8 million euro ($3.6 million) in the first nine months of 2014 from a net loss of 907,000 a year earlier, company data showed on Thursday.
Operating revenues rose 6.9% to 32.6 million euro through September, while operating costs fell 5.6% to 28.3 million euro, Rudnik Uglja said in a filing with the Montenegro Stock Exchange.
Italy’s A2A owns 39.5% of Rudnik Uglja, the Montenegrin government owns 31.1% and the remainder is in the hands of small shareholders.
($=0.7851 euro)