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NewsMontecargo turned a net profit of 386,256 euro in H1 2022

Montecargo turned a net profit of 386,256 euro in H1 2022

Montenegro’s majority state-owned rail cargo operator Montecargo turned a net profit of 386,256 euro ($386,428) in the first half of 2022, compared to a loss of 1.28 million euro in the like period of last year, it said.

The company’s revenue increased to 4 million euro in the six months through June, from 2.1 million euro a year earlier, the company said in a half-year financial report filed with the Montenegro Stock Exchange last week.

Operating costs increased to 3.9 million euro in January-June 2022, from 3.3 million euro a year earlier, Montecargo said.

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Montecargo’s capital is composed of 3,340,114 shares with a nominal price of 5.2285 euro apiece. The company is listed on the standard market segment of the Montenegro Stock Exchange, SEE News reports.

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