April 27 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] said on Thursday that it recorded a net profit of 1.7 million euro ($1.9 million) in the first quarter of 2023, up from 785,945 euro in the like period of last year.
Revenue from sales increased by 7.1% year-on-year to 19.5 million euro, while operating costs grew slightly to 14.6 million euro in the first quarter of 2023 from 14.1 million euro a year earlier, the telecommunications company said in a filing with the Montenegrin Stock Exchange.
Operating profit increased by 80% on the year, to 1.8 million euro, Crnogorski Telekom added.
Croatia's biggest telecoms operator, Hrvatski Telekom controls 76.53% of Crnogorski Telek(om.
($ = 0.9084 euro)