Montenegrin electricity transmission system operator CGES recorded a net profit of 784,700 euros in the second quarter of 2016, which is three times lower than in the same period last year.
The company’s operational revenues amounted to 14.25 million euros at the end of June 2016, which is 7.5 % lower than in the same period last year. At the same time, operational expenses increased by 7.8 % to 13.44 million euros. Salaries, benefits and other personnel expenses are accounted for 2.99 million euros out of total expenses, depreciation and provisions for 3.69 million euros, while the costs of purchased goods are accounted for 5.35 million euros.
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Tags: CGES, electrcity, financial, Montenegro