Pljevlja coalmine reported a net profit of approximately 3.34 million euros for the first nine months of 2024, a decrease from the 7 million euros profit recorded during the same period in 2023. According to the company’s financial report, sales revenues for the first nine months of 2024 totaled 43.1 million euros, reflecting a 6.8% decline compared to the same period last year. Meanwhile, operating expenses decreased by 3.6%, amounting to 21.2 million euros.
As of the end of September 2024, Pljevlja coalmine’s total assets were valued at 131 million euros, a slight decrease of 0.9% compared to the end of 2023. The company’s long-term provisions and liabilities stood at 16.4 million euros, while short-term liabilities totaled 13.3 million euros. Retained earnings were reported at around 44.5 million euros.
In April 2018, power utility EPCG launched a buyout bid for the entire capital of Pljevlja coalmine, offering 6.4 euros per share for the company’s 5,064,443 shares. The bid was valid from April 20 to May 4, 2018. Although the price of Pljevlja coalmine shares was 6.9 euros at the end of 2017, an analysis by Deloitte determined that the fair price was 6.4 euros per share. Following a decision by the Commission for the Capital Market in early June 2018, EPCG became the majority owner of Pljevlja coalmine.
