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Montenegro's Rudnik Uglja Q1 net profit falls

Apr 30, 2024, 2:26:35 PMArticle by Djordje Jajcanin
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April 30 (SeeNews) - Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said on Tuesday that its net profit edged down to 3.7 million euro ($4 million) in the first quarter of 2024 from 4 million euro in the like period of the previous year.

Montenegro's Rudnik Uglja Q1 net profit falls
Source: Rudnik Uglja

The company's revenue rose to 17.8 million euro on the year from 16.9 million euro while operating costs grew 2.8% to 7.4 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 '24 Q1 '23
Operating costs 7.363 7.139
Revenue 17.752 16.891
Net profit 3.691 3.988

($ = 0.9324 euro)

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