April 5 (SeeNews) - Montenegrin coal mining company Rudnik Uglja [MNG:RUPV] said on Friday that it recorded a net profit of 15.2 million euro ($16.5 million) in 2023, up from a profit of 9.4 million euro in the previous year.
The company's revenue went up by 27% on the year to 69.7 million euro in 2023, while operating costs rose 14.8% to 31.1 million euro, Rudnik Uglja said in a filing with the Montenegro Stock Exchange.
Operating profit increased to 18 million euro, from 12.6 million euro in 2022, Rudnik Uglja said.
Following are details of Rudnik Uglja's financial results (in millions of euro):
|
2023 |
2022 |
Operating costs |
31.123 |
27.055 |
Revenue |
69.689 |
54.763 |
Operating profit |
18.022 |
12.589 |
Net profit |
15.190 |
9.435 |
($ = 0.9225 euro)