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Montenegro

23. 11. 2021. 00:00   >>  16:44 0

IN 9 MONTHS

CEDIS revenues- €3,4 million , ToMontenegro -€2,6 million

In Montenegro, ten companies from the Ministry of Capital Investments ended the third quarter of this year with a positive result of €27 million, while the same number had a net loss of €11.7.

The representative of the Department for Corporate Governance in the Ministry, Ana Tosanic Radunovic, said that out of 20 companies, ten operated with a net loss, and ten with a net profit.

"The total net profit is €27 million, and the net loss is €11.7 million. So, in total, all companies achieved a positive net result, " Tosanic Radunovic said at the conference of the Ministry, at which the report on the operations of companies in majority state ownership for the third quarter was presented.

The results were prepared for 20 state-owned companies, although a new company, Elektroprivreda Solar Gradnja, was registered in the third quarter, and it has not yet prepared business results.

When we look at the results at the EBITDA level, which is the result before taxes, interest and depreciation, the situation is significantly better - six companies operated with a negative EBITDA of three million, and 14 of them with a positive EBITDA of 81.6 million.

The Montenegrin Electricity Transmission System (CGES) is in the first place with the best result and a net profit for nine months of €14.3 million.

"The second-ranked is the Airports of Montenegro with €5.3 million, Rudnik Uglja €3.6 million, Monteput €1 million and Railway Transport €936 thousand," Tosanic Radunovic said.

 

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