PODGORICA (Montenegro), April 7 (SeeNews) – Montenegrin coal mine Rudnik Uglja a.d. Pljevlja [MNG:RUPV] said it turned to a net profit of some 1.2 million euro ($1.6 million) in 2013 from a net loss of 1.2 million euro a year earlier.
Operating income decreased to 44.3 million euro in 2013 from 46.7 million euro a year ago, while operating costs narrowed to 40.8 million euro from 45.7 million euro, Rudnik Uglja said in a filing with the Montenegro Stock Exchange.
Italy’s A2A owns 39.5% of Rudnik Uglja, the Montenegrin government owns 31.1% and the remainder is in the hands of small shareholders.
($=0.7299 euro)