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HomeSEE Energy NewsMontenegro: Pljevlja coalmine...

Montenegro: Pljevlja coalmine recorded 1.1 million euros profit in first six months

According to the financial report, Montenegrin coalmine Pljevlja recorded a net profit of 1.13 million euros in the first half of 2023, significantly higher compared to a 50,000 euro profit in the same period last year.

Sales revenues reached 26.8 million euros in the first six months of 2023, which is 31% more than in the same period in 2022. At the same time, operating expenses rose by 20%, reaching 14.1 million euros.

The total assets of Pljevlja coalmine at the end of June were worth 116.8 million euros, which is 15% more than at the end of 2022.

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