PODGORICA (Montenegro), November 2 (SeeNews) – The net profit of Montenegrin oil products distributor Jugopetrol [MNG:JGPK] jumped 27.2% to 6.2 million euro ($6.9 million) in the first nine months of 2016, company data indicated.
Operating revenues fell by 21.3% to 87.8 million euro in the nine months through September, while operating costs declined by 23.1% to 81.6 million euro, Jugopetrol said in a financial statement for the first nine months sent to the Montenegro Stock Exchange.
Kotor-based Jugopetrol has been a member of Greece's Hellenic Petroleum Group since 2002. The company is active in the retail and distribution of petroleum products and the wholesale of petroleum products through the operation of a storage facility at the Adriatic port of Bar and filling terminals at the airports of Tivat and Podgorica.
($=0.902528 euro)