Loss of Income of ŽPCG (Railway MNE) Doubled

By , 01 May 2018, 23:08 PM Business
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The Railway transport of Montenegro, ŽPCG, ended last year with a net loss of 104,58 thousand euro which is twice as much than at the end of 2016.

According to the data from the business report published at the Montenegro stock site, the business incomes of the company owned mostly by the state were 9,05 million euro at the end of December, which is 10,6 percent less than the year before.

The business disbursements dropped 5,6 percent to 8,6 million euro. From this figure, expenditures for salaries, compensations and other personal expenses were 4,06 million euro, amortization 1,5 million and materials 1,14 million euro.

The total asset of ŽPCG was 39,54 million euro which is one percent less than in the comparison period.

The accumulated loss is 24,57 million euro, long-term booking and liabilities 8,3 million and short-term 13,6 million euro.

According to the data by the Central Depository Agency (CDA), the state owns 90,79 percentt of ŽPCG shares, while Eurofond and Trend own 2,4 percent, i.e. 1,5 percent of shares. The rest of the stock holders possess less than one percent of the ownership.

Text by Mina Business, on April 30 2018, read more at CdM

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