Regional News:
Montenegro’s Jugopetrol 2011 Net Profit Falls 3.2% Y/Y
12.4.2012 9:36:00 | Author/Source www.seenews.com
Montenegrin oil products distributor Jugopetrol Kotor said on Thursday its consolidated net profit fell to 7.51 million euro ($9.86 million) in 2011 from 7.76 million euro a year earlier.
Operating income rose to 195.2 million euro in 2011 from 162.4 million euro a year ago, while operating costs increased to 187.3 million euro from 152.7 million euro, Jugopetrol Kotor said in its 2011 consolidated report filed with the Montenegro Stock Exchange.
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