SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
search
arrow
Countries
arrow
Browse Countries
Albania
Bosnia & Herzegovina
Bulgaria
Croatia
Kosovo
Moldova
Montenegro
N. Macedonia
Romania
Slovenia
Serbia
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Countries
HiSky to launch flights from Romania's Bucharest to Paris
HiSky to launch flights from Romania's Bucharest to Paris
addedJul 26, 2024
Industries
arrow
Browse Industries
Agriculture
Automotive
Banking and Finance
Construction
Energy
Engineering
Metals & Mining
Tourism & Hospitality
Transport & Logistics
Wholesale/Retail
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Industries
Bosnia's Federation building permits up 2.9% y/y in June
Bosnia's Federation building permits up 2.9% y/y in June
addedJul 26, 2024
Economy
arrow
Browse Economy
GDP
Inflation
Industrial Production
Budget
Unemployment
Wages
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Economy
Bosnia's Federation building permits up 2.9% y/y in June
Bosnia's Federation building permits up 2.9% y/y in June
addedJul 26, 2024
Investments
arrow
Browse Investments
Corporate Contracts
Capacity
Foreign Markets
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Investments
HiSky to launch flights from Romania's Bucharest to Paris
HiSky to launch flights from Romania's Bucharest to Paris
addedJul 26, 2024
Politics
arrow
Browse Politics
Internal Policy
Foreign Policy
Elections
Government Contracts & Tenders
EU Issues
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Politics
EU grants 136 mln euro to Albania for railway line overhaul
EU grants 136 mln euro to Albania for railway line overhaul
addedJul 26, 2024
Deals
arrow
Browse Deals
M&A
Private equity & Venture capital
IPOs
Privatisation
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Deals
Fortenova sells agri unit to Podravka for 333 mln euro
Fortenova sells agri unit to Podravka for 333 mln euro
addedJul 26, 2024
SEE TOP 100
arrow
Browse SEE TOP 100
TOP 100 Companies
TOP 100 Banks
TOP 100 Insurers
Sub-Rankings
Analysis & Interviews
Downloads
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in SEE TOP 100
Fortenova sells agri unit to Podravka for 333 mln euro
Fortenova sells agri unit to Podravka for 333 mln euro
addedJul 26, 2024
Tech
arrow
Browse Tech
Startups
AI
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Tech
Moldova's Purcari launches digital transformation arm
Moldova's Purcari launches digital transformation arm
addedJul 26, 2024
Green
arrow
Browse Green
Renewable Energy
Clean Mobility
ESG
ADVANCED SEARCH
arrow
Mix and match your focus countries with our advanced search
Latest in Green
Fortenova sells agri unit to Podravka for 333 mln euro
Fortenova sells agri unit to Podravka for 333 mln euro
addedJul 26, 2024
Events
arrow
MORE
arrow
Countries
arrow
Industries
arrow
Economy
arrow
Investments
arrow
Politics
arrow
Deals
arrow
SEE TOP 100
arrow
Tech
arrow
Green
arrow
Events
SUBSCRIBE
arrow
LOGIN
arrow
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow
Montenegro
Latest top stories
Fortenova sells agri unit to Podravka for 333 mln euro
addedabout 9 hours ago
Fortis Energy buys 180 MW solar project in Serbia
addedabout 11 hours ago
World Bank approves 599 mln euro loan to Romania
addedabout 11 hours ago
see more
arrow

Montenegro's CGES net profit rises 76% in 2023

Apr 1, 2024, 11:46:31 AMArticle by Djordje Jajcanin
share
April 1 (SeeNews) - Montenegro's majority state-owned power transmission system operator Crnogorski Elektroprenosni Sistem (CGES) [MNG:PREN] net profit increased to 35.7 million euro ($38.5 million) in 2023 from 20.3 million euro in the previous year, it said.

Montenegro's CGES net profit rises 76% in 2023

The company's net sales fell 9% year-on-year to 108.4 million euro in 2023, while expenditures fell 29.9% to 60.4 million euro, CGES said in an annual financial statement posted on the website of the Montenegro Stock Exchange last Friday.

Following are details of CGES' financial performance (in millions of euro):

2023 2022
Net sales 108.360 119.208
Operating costs 60.449 86.154
Operating profit 42.081 25.044
Net profit 35.717 20.275

$ = 0.9271 euro

Topics
Industry
Reports
Montenegro Economy Report Q3 2019
Latest top stories
Fortenova sells agri unit to Podravka for 333 mln euro
addedabout 9 hours ago
Fortis Energy buys 180 MW solar project in Serbia
addedabout 11 hours ago
World Bank approves 599 mln euro loan to Romania
addedabout 11 hours ago
see more
arrow
Read next
Latest in Energy
arrow
Fortenova sells agri unit to Podravka for 333 mln euro
Fortenova sells agri unit to Podravka for 333 mln euro
addedJul 26, 2024
Greece's Hellenic Petroleum unit boosts stake in N. Macedonia's Okta
Greece's Hellenic Petroleum unit boosts stake in N. Macedonia's Okta
addedJul 26, 2024
Fortis Energy buys 180 MW solar project in Serbia
Fortis Energy buys 180 MW solar project in Serbia
addedJul 26, 2024
Latest in Company news
arrow
Nestle's organic sales in Croatia grow 17.8% y/y in H1
Nestle's organic sales in Croatia grow 17.8% y/y in H1
addedJul 26, 2024
Bulgaria's Port Fleet 99 boosts H1 net profit 14% y/y
Bulgaria's Port Fleet 99 boosts H1 net profit 14% y/y
addedJul 26, 2024
Croatia's CIAK H1 net profit up 9%
Croatia's CIAK H1 net profit up 9%
addedJul 26, 2024
Latest in Montenegro
arrow
Bosnia's Una TV to halt ops in four countries amid U.S. sanctions
Bosnia's Una TV to halt ops in four countries amid U.S. sanctions
addedJul 26, 2024
Montenegro's Moraca posts 13% y/y rise in Q1 profit
Montenegro's Moraca posts 13% y/y rise in Q1 profit
addedJul 25, 2024
8B Capital pledges 37 mln euro investment in EPCG Zeljezara
8B Capital pledges 37 mln euro investment in EPCG Zeljezara
addedJul 25, 2024
Latest in Tech
arrow
Moldova's Purcari launches digital transformation arm
Moldova's Purcari launches digital transformation arm
addedJul 26, 2024
Ericsson Nikola Tesla's net profit falls 37% y/y in H1
Ericsson Nikola Tesla's net profit falls 37% y/y in H1
addedJul 25, 2024
Bosnia's Serb Republic, China's ELINC in 29 mln euro cyber security deal - report
Bosnia's Serb Republic, China's ELINC in 29 mln euro cyber security deal - report
addedJul 24, 2024
logo

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.

About

SeeNews is your complete guide to the emerging economies of Southeast Europe. Latest news, market intelligence, industry analyses, on-demand research – the big picture at the tip of your fingers.

More about SeeNews
arrow
Premium access

Get ahead of the competition with SeeNews Premium Access. Unlimited news and objective analysis you can trust, company data and more. Subscribe now and start making agile business decisions.

facebook
twitter
linkedIn
google
telegram
subscribe
arrow
ADVERTISING PROPOSITION
arrow
More about SeeNews
arrow
grid
Content
Countries
Industries
Economy
Investments
Politics
Deals
Tech
Green
grid
Contact Us
Editorial
Sales & Advertising
+359 2 80 12 630
grid
Features
News archive
SEE TOP 100
Newsletters and alerts
Companies
Reports
Events
News RSS
grid
Contact Us
Editorial
Sales & Advertising
Customer care
+359 2 80 12 630
grid
Follow us
facebook
twitter
linkedIn
google
Telegram
up
Part of theSeeNextCommunity.SeeNextAll rights reserved. Design by: StudioX
up
Terms & Conditions
Privacy policy
Editorial policy