Montenegrin electricity transmission system operator CGES recorded a net profit in the amount of 701,000 euros in the first quarter of 2017, which is by 211,000 euros less compared to the same period in 2016.
Operating revenues of the company at the end of March 2017 reached 7.968 million euros, while its operating expenses reached 7.204 million euros at the end of the first quarter. Salaries, benefits and other personnel expenses are accounted for 1.466 million euros out of total expenses, depreciation and provisions for 1.81 million euros. Total assets of CGES at the end of March 2017 amounted to 258.2 million euros.
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Tags: CGES, electricity, electricity transmission, financial, Montenegro