PODGORICA (Montenegro), November 5 (SeeNews) – Montenegrin oil products distributor Jugopetrol [MNG:JGPK] recorded a net profit of 2.9 million euro ($3.2 million) in the first nine months of 2019, down from 6.8 million euro in the like period of last year, it said.
The company's revenue went down 2.4% on the year to 123.9 million euro in the first nine months, while operating costs were up 0.4% to 120.2 million euro, Jugopetrol said in an interim financial statement filed with the Montenegro Stock Exchange.
The company booked an operating profit of 3.7 million euro, down from an operating profit of 7.2 million euro in the like period of 2018.
Following are details on Jugopetrol's performance (in millions of euro):
|
Jan-Sep'19 |
Jan-Sep'18 |
Revenues |
123.902 |
126.855 |
Operating costs |
120.158 |
119.658 |
Operating profit |
3.745 |
7.198 |
Net profit |
2.929 |
6.767 |
($ = 0.898409 euro)