Elektroprivreda Crne Gore (EPCG) reported a net profit of over 10.23 million euros after taxation for the previous year. The company’s total revenues reached approximately 440 million euros, with expenses around 430 million euros. Electricity production totaled nearly 2,943 GWh, achieving 98.25% of the planned output.
Total electricity consumption by distribution customers was 2,790.5 GWh, with 934.47 GWh purchased through trading and 1,153.79 GWh sold. Capital investments amounted to nearly 53 million euros. EPCG achieved an impressive collection rate of 99.43% on invoiced payments.
The company’s retained earnings stood at over 70 million euros by the end of the year. Shareholders approved the profit distribution plan, with most profits retained and a portion allocated to reserve funds.
The assembly approved remuneration policies for management, with the Board Chairman receiving 3.5 times the average salary. Plans to continue the construction of the Gvozd 2 wind farm, valued at 25 million euros, were also approved.
BDO was re-elected as auditor, and a new Board of Directors was appointed, led by Chairman Milutin Đukanović.
