PODGORICA (Montenegro), April 27 (SeeNews) – Montenegrin oil products distributor Jugopetrol [MNG:JGPK] said its net profit fell 30% on the year in the first quarter of 2018 to 768,675 euro ($928,540).
The company's revenue went up 2.4% on the year to 25.4 million euro in the first quarter, while operating costs were up 4.7% to 24.6 million euro, Jugopetrol said in a financial statement filed with the Montenegro Stock Exchange.
Operating profit fell 34.3% to 858,248 euro.
Following are details on Jugopetrol's performance (in millions of euro):
|
Q1'18 |
Q1'17 |
Revenues |
25.405 |
24.844 |
Operating costs |
21.205 |
20.095 |
Operating profit |
0.858 |
1.307 |
Net profit |
0.769 |
1.098 |
($ = 0.827669 euro)