April 5 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] recorded a net profit of 2.4 million euro ($2.6 million) in 2022, down from 3.1 million euro in the previous year, the company said.
Revenue from sales increased by 5% to 79.2 million euro, while operating costs grew slightly to 60.9 million euro in 2022 from 59 million euro a year earlier, the telecommunications company said in a filing with the Montenegrin Stock Exchange last week.
Operating profit increased to 5 million euro in 2022 from 3.7 million euro in the previous year, Crnogorski Telekom added.
Croatia's biggest telecoms operator, Hrvatski Telekom controls 76.53% of Crnogorski Telekom.
($ = 0.9125 euro)