The ten most representative companies whose stocks are listed on the Montenegro Stock Exchange had a positive net income of €31.61 million for the first nine months, which is half the amount they used to be in the same period last year when that indicator amounted to €63.79 million.
Based on the financial statements for the first three quarters of this year, the Montenegro Stock Exchange summarized the key results of companies whose shares are part of the MNSE10 stock market index.
When it comes to clear profit in this period, the Electric Power Company of Montenegro, EPCG, is a frontrunner with nearly €17.07 million profit. Even though it’s 60 per cent less than the last year’s €43.06 million, it’s still far beyond the next company generating the largest net revenues. Namely, Budva Riviera generated €4.88 million, which is by 23.86 per cent less than in 2018. Crnogorski Telekom is in third place as it profited €4.14 million, which is by 37.62 per cent less compared to the same period last year.
Loss leaders are the Port of Adria which made a profit of €207,328 but suffered loss of €663,638, while the company 13.jul – Plantaže still suffered the greatest loss of €1.49 million thus losing 544.33 per cent of their net funds.
