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Montenegro's Rudnik Uglja net profit declines in H1 - table

Author Radomir Ralev
Montenegro's Rudnik Uglja net profit declines in H1 - table Source: Rudnik Uglja

PODGORICA (Montenegro), August 10 (SeeNews) - Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said its net profit fell to 53,770 euro ($54,900) in the first half of 2022 from 55,951 euro in the like period of last year.

The company's revenue went up 37.6% on the year to 20.5 million euro while operating costs rose 39.9% to 11.8 million euro, Rudnik Uglja said in an annual financial statement filed with the Montenegro Stock Exchange.

Following are details of Rudnik Uglja's performance (in millions of euro):

H1'22 H1'21
Operating costs 11.787 mln 8.428 mln
Revenue 20.472 mln 14.873 mln
Net profit 53,770 55,951

($ = 0.9794 euro)

 
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