November 5, 2018 - The oil company Jugopetrol, owned by the Greek Helenik Petroleum, for the first nine months of this year, has a profit of EUR 6.76 million, which is about four percent higher than the comparable period last year. Business revenues were increased, observing two comparable periods from 104.6 million to 126.8 million euros, and operating expenses from 97.7 million to 119.6 million euros.
HTP Ulcinj Riviera, whose main asset since the end of last year is held by the leaseholder of Karisma consortium, earned a profit of only 84.294 euros in the first nine months, which is 80 percent higher than the comparable period last year when the profit was 427.5 thousand euros. Business Revenues compared to the comparative period last year declined significantly from 3.09 million to 1.39 million euros, while operating expenses decreased from 2.57 million to 1.24 million euros. The state-owned company, 13th July Plantaze achieved a profit of approximately 336 thousand euros, thanks to the growth of other non-core revenues, which was about five percent higher than the comparative period last year. Profit was, therefore, realized and shown, though operating income in comparison to the first nine months of 2017, which decreased from 22.32 million to 22.04 million and operating expenses slightly increased from 20.95 million to 21.08 million euros.
The Lottery of Montenegro operates with a loss of 253,329 euros
The Lottery of Montenegro, officially controlled by businessman Sava Grbović, lost EUR 253.3 thousand according to the report, and this loss is almost halved compared to the same period last year when it lost some EUR 504 thousand.
Operating revenues for nine months amounted to approximately EUR 1.04 million, approximately the same as in the comparable period of 2017, while operating expenses decreased from 1.47 million to EUR 1.26 million. The accumulated loss of the company is two million euros.
Text by Milorad Milosevic, on November 3rd, 2018, read more at Vijesti
