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Montenegro's Hidroterm posts higher net profit in 2021

Author Radomir Ralev
Montenegro's Hidroterm posts higher net profit in 2021 Ken Teegardin/CC BY-SA 2.0

PODGORICA (Montenegro), March 11 (SeeNews) - Montenegrin waste recycling services provider Hidroterm [MNG:CEPR] recorded a net profit of 537,000 euro ($589,700) in 2021, up from 178,000 euro in the previous year, it said.

Revenues went up to 21 million euro from 24.9 million euro, whereas expenses fell to 20.5 million euro from 24.7 million euro, Hidroterm said in an annual financial report posted on the website of the Montenegro Stock Exchange.

Hidroterm's capital is composed of 13,587 with a nominal price of 21.24 euro apiece. The company is listed on the multilateral trading facility (MTP) segment of the Montenegro Stock Exchange.

($ = 0.91064 euro)

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