PODGORICA (Montenegro), March 29 (SeeNews) – Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said its net profit rose to 13.1 million euro ($15.4 million) in 2020 from 9.6 million euro in the previous year.
The company's revenue went up 4.4% on the year to 45.4 million euro while operating costs declined 10.6% to 19.4 million euro, Rudnik Uglja said in an annual financial statement filed with the Montenegro Stock Exchange.
Operating profit stood at 15 million euro in 2020, up from 11 million euro in the prior year, Rudnik Uglja said.
Following are details of Rudnik Uglja's performance (in millions of euro):
|
2020 |
2019 |
Operating costs |
19.4 |
21.7 |
Revenue |
45.4 |
43.5 |
Operating profit |
15.0 |
11.0 |
Net profit |
13.1 |
9.6 |
($ = 0.84902081 euro)