August 1 (SeeNews) – Montenegro’s coal mining company Rudnik Uglja [MNG:RUPV] said on Friday that its net profit soared to 1.1 million euro ($1.2 million) in the first half of 2023 from 53,770 euro in the like period of last year.
Rudnik Uglja’s revenue rose to 26.9 million euro from 20.5 million euro, while operating costs grew 19.5% to 14.1 million euro, Rudnik Uglja said in an interim financial statement filed with the Montenegro Stock Exchange on Monday.
Following are details of Rudnik Uglja’s financial performance (in millions of euro):
| H1 ’23 | H1 ’22 | |
| Operating costs | 14.109 | 11.787 |
| Revenue | 26.857 | 20.472 |
| Net profit | 1.130 | 0.530 |
$ = 0.9112 euro
