November 2 (SeeNews) - Montenegro's power transmission system operator Crnogorski Elektroprenosni Sistem (CGES) [MNG:PREN] said that its net profit increased 20% year-on-year, in the nine months through September, to 16.83 million euro ($16.7 million).
The company's net sales grew by 82% to 89 million euro, while expenditure soared by 125% to 64.3 million euro, CGES said in a financial statement posted on the website of the Montenegro Stock Exchange.
Following are details of CGES' performance (in millions of euro):
|
Q3'22 |
Q3'21 |
Net sales |
88.990 |
47.775 |
Operating costs |
64.279 |
28.618 |
Operating profit |
19.744 |
15.363 |
Net profit |
16.830 |
13.981 |
($ = 1.0096 euro)