Montenegro's Jugopetrol 9-mo net profit more than doubles

Jugopetrol's revenue went up to 244.1 million euro in the nine months through September from 112.7 million euro in the like period a year earlier, it said in a financial statement filed with the Montenegro Stock Exchange.

Expenses stood at 232.2 million euro, up from 107.3 million euro in the nine months of 2021.

The company's operating profit rose to 11.9 million euro, from 5.4 million euro in the first nine months of 2021.

Greece's Hellenic Petroleum International is the largest shareholder of Jugopetrol with a 54.4% stake.

($ = 0.9992 euro)