Elektroprivreda (EPCG) made a profit of EUR 106.11 million in the first half of the year, the highest since its establishment, its representatives announced.
“The record is all the more impressive if it is known that EPCG, in the year when such a result was achieved, was the only one in Europe that did not increase the electricity prices for citizens, nor were there any interventions from the budget of Montenegro,” the announcement states.
EPCG added that the profit realized in the first six months of this year was more than twice as high as in the same period of 2018, when it was realized around 43 million.
If we look at the comparative data, in 2011 EPCG recorded a loss of ten million EUR, in 2012 with four million, and in 2017 with around seven million EUR.
The business result in 2020 for the same period was around two million, in 2019, 2016 and 2014 around 13 million, while in 2015 it was around 12 million EUR.
“Quality business decisions of the management and the Board of Directors, a sound business vision, favorable hydrological conditions and good management in the period of the energy crisis have conditioned the continuous progress and historical business results of the company,” the announcement states.
Sign up for business news updates & special reports.
