Pljevlja coalmine recorded higher profit in H1 2018 – Montenegro, 3 August 2018

Pljevlja coalmine recorded a net profit in the amount of 785,000 euros in the first half of 2018, which is significantly higher compared to a profit of just 93,000 euros recorded in the same period last year.
According to the financial report, coalmine’s operating income reached 16.62 million euros at the end of June 2018, which is by 2.6 % more than in the same period in 2017. At the same time, operating expenses dropped by 2.7 %, reaching 15.4 million euros. Salaries, benefits and other personnel expenses reached 6.56 million euros, costs of materials amounted to 4.38 million euros, depreciation and provisions reached 2.1 million euros, while other expenses reached 2.31 million euros.

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