PODGORICA (Montenegro), April 4 (SeeNews) – Montenegrin oil products distributor Jugopetrol [MNG:JGPK] said its net profit rose 51.7% to 7.6 million euro ($9.3 million) in 2017.
The company's revenue went up 16.5% to 135.1 million euro last year, while operating costs were up 16.8% to 127 million euro, Jugopetrol said in a financial statement filed with the Montenegro Stock Exchange.
Operating profit rose 12.2% to 8.1 million euro.
Following are details on Jugopetrol's performance (in millions of euro):
|
2017 |
2016 |
Revenues |
135.143 |
115.973 |
Operating costs |
127.060 |
108.767 |
Operating profit |
8.083 |
7.206 |
Net profit |
7.630 |
5.028 |
Kotor-based Jugopetrol has been part of Greece's Hellenic Petroleum Group since 2002. The company is active in the retail and distribution of petroleum products and the wholesale of petroleum products through the operation of a storage facility at the Adriatic port of Bar and filling terminals at the airports of Tivat and Podgorica.
($ = 0.81443 euro)