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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
addedabout 10 hours ago
Fortis Energy buys 180 MW solar project in Serbia
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Montenegro's Crnogorski Telekom trebles net profit in 2023

Apr 8, 2024, 10:51:37 AMArticle by Djordje Jajcanin
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April 8 (SeeNews) - Montenegro's Crnogorski Telekom [MNG:TECG] recorded a net profit of 6.6 million euro ($7.2 million) in 2023, almost three times higher than the earnings of 2.3 million euro reported for 2022, it said.

Montenegro's Crnogorski Telekom trebles net profit in 2023
Photo: Crnogorski Telekom

Revenue increased by 6.1% on the year to 84 million euro in 2023, while operating costs edged up to 61.8 million euro from 60.9 million euro, the telecommunications company said in a bourse filing on Friday.

Crnogorski Telekom's shares are listed on the prime market segment of the Montenegro Stock Exchange. They last traded on Friday, closing at 1.81 euro.

Croatia's biggest operator, Hrvatski Telekom [ZSE:HT-R-A], controls 76.93% of Crnogorski Telekom.

($ = 0.9224 euro)

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