May 12 (SeeNews) - Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said on Friday that its net profit edged down to 4 million euro ($4.4 million) in the first quarter of 2023 from 4.1 million euro in the like period of the previous year.
The company's revenue rose to 16.9 million euro on the year from 13.8 million euro while operating costs grew 25% to 7.1 million euro, Rudnik Uglja said in an interim financial statement filed with the Montenegro Stock Exchange.
Following are details of Rudnik Uglja's performance (in millions of euro):
|
Q1'23 |
Q1'22 |
Operating costs |
7.139 |
5.746 |
Revenue |
16.891 |
13.751 |
Net profit |
3.988 |
4.045 |
($ = 0.9190 euro)