Montenegrin fuel retailer Jugopetrol posted a net profit of €7.3 million for the first nine months of 2024, showing a slight increase from the €6.7 million profit recorded during the same period in 2023. The company’s net sales rose by 4.2%, reaching €202.5 million, while its operating expenditures also saw a 4% increase, totaling €191.8 million.
As of September 2024, Jugopetrol’s total assets amounted to €134.3 million, reflecting a 2% growth compared to the end of 2023. Retained earnings stood at €27 million. The company’s liabilities included €2.2 million in long-term obligations and €27.7 million in short-term liabilities.
In 2023, Jugopetrol posted a net profit of €7 million, down from €12.1 million in 2022. The company is majority-owned by Greek Hellenic Petroleum International, which holds a 54.35% stake since 2002.
