PODGORICA (Montenegro), April 7 (SeeNews) – Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said its net profit rose to 9.6 million euro ($10.4 million) in 2019 from 6.7 million euro in the previous year.
The company's revenue went up 9.3% on the year to 47.2 million euro while operating costs grew 3.8% to 35.9 million euro, Rudnik Uglja said in an annual financial statement filed with the Montenegro Stock Exchange.
Operating profit stood at 11.3 million euro in 2019, up from 8.7 million euro in the prior year, Rudnik Uglja said.
Following are details of Rudnik Uglja's performance (in millions of euro):
|
2019 |
2018 |
Operating costs |
35.885 |
34.562 |
Revenue |
47.172 |
43.223 |
Operating profit |
11.287 |
8.661 |
Net profit |
9.557 |
6.655 |
($ = 0.919902 euro)