April 30 (SeeNews) - Montenegrin coal miner Rudnik Uglja [MNG:RUPV] said on Tuesday that its net profit edged down to 3.7 million euro ($4 million) in the first quarter of 2024 from 4 million euro in the like period of the previous year.
The company's revenue rose to 17.8 million euro on the year from 16.9 million euro while operating costs grew 2.8% to 7.4 million euro, Rudnik Uglja said in an interim financial statement filed with the Montenegro Stock Exchange.
Following are details of Rudnik Uglja's performance (in millions of euro):
|
Q1 '24 |
Q1 '23 |
Operating costs |
7.363 |
7.139 |
Revenue |
17.752 |
16.891 |
Net profit |
3.691 |
3.988 |
($ = 0.9324 euro)