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Montenegro's Crnogorski Telekom 9-mo net profit falls - table

Oct 30, 2017, 4:11:35 PMArticle by Radomir Ralev
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PODGORICA (Montenegro), October 30 (SeeNews) – Montenegro's Crnogorski Telekom [MNG:TECG] said its net profit declined 51% year-on-year to 4.3 million euro ($5 million) in the first nine months of 2017.

Montenegro's Crnogorski Telekom 9-mo net profit falls - table
Valeri Potapova/Shutterstock.com

Operating revenue decreased by 7.8% to 64.2 million euro, while expenses went down 1% to 57.9 million euro, the telecommunications company said in a bourse filing.

Operating profit declined by 43.8% year-on-year to 6.3 million euro in the first nine months of 2017.

Following are details on Crnogorski Telekom's performance (in millions of euro):

  9-mo'17 9-mo'16
Operating costs 57.896 58.477
Revenue 64.240 69.649
Operating profit 6.343 11.172
Net profit 4.327 8.698

Hungary's Magyar Telekom controls 76.53% of Crnogorski Telekom.

($ = 0.861508 euro)

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