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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Montenegrin power utility EPCG halves 9-mo loss

Nov 2, 2012, 4:29:02 PMArticle by Georgi Georgiev
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PODGORICA (Montenegro), November 2 (SeeNews) – Montenegrin state-owned power utility Elektroprivreda Crne Gore (EPCG) has cut its loss to 14.9 million euro ($19.3 million) in the first nine months of 2012 from 30.4 million euro a year earlier, it said.

Montenegrin power utility EPCG halves 9-mo loss

Operating revenues fell 5.6% to 191.4 million euro through September while operating costs dropped 3.3% to 214.3 million euro, EPCG said in its third-quarter financial statement.

($=0.7729 euro)

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