"Plantaže" made a loss from operations of 1,1 million euros in nine months, which is a better result than in the same period last year when the loss was 4,4 million euros. The hotel group "Budvanska Riviera" made a profit of 5,07 million for this period, which is about 300 thousand less than last year. The Ulcinj Riviera, which now operates only from the tourist resort Ada, made a profit of 385, which is only XNUMX more than for the same period last year.
The Pljevlja coal mine made a profit of 3,3 million euros in nine months, of which three months it had no income due to the overhaul of the Pljevlja thermal power plant, while last year, when the break in the operation of the thermal power plant was twice as short, it made a profit of 6,9 million euros .
This is shown by the reports on the operations of these four state-owned companies, which were published on the website of the Montenegro Stock Exchange.
For these nine months, "Plantations" had revenues from sales worth 20 million euros, which is 1,3 million more than last year in the same period.
The increase in the value of the stock of finished products of 3,6 million euros was listed as income, while last year this item had a negative value of 19,5 thousand euros.
The company's operating expenses amounted to 15,1 million euros and are higher by about 700 thousand, while expenses for wages and other personal income were 9,4 million euros, which is an increase of 1,2 million.
The business result of the company was negative for 352 thousand euros, while last year it amounted to a minus of 3,5 million euros. With the financial expenditure for interest and exchange rate differences of 784 thousand, the final result of 1,1 million euros was achieved.
The accumulated loss of "Plantaž" from previous years amounts to 47 million euros, while the total value of the company's real estate and equipment is estimated at 396 million euros.
The company's long-term liabilities and provisions at the end of September amounted to 9,8 million euros, that is, they are about 2,5 million euros less than last year on the same day. At the same time, long-term liabilities increased from last year's 31 million to 34,2 million.
The state hotel group "Budvanska riviera", which has six hotels in Budva and Petrovac with 3,8 thousand beds, achieved an income for these nine months of 22,3 million euros, which is 1,2 million or six percent more than in same period last year.
The company had other business income of 900 thousand euros, which according to this item is an increase of 50 thousand euros.
The company's business expenses amounted to 10,5 million euros and are about 800 thousand more than last year, while expenses for salaries and other incomes of employees increased from last year's 6,6 to this year's 7,2 million euros.
The undistributed profit of this company at the end of September amounted to 6,8 million euros, while the estimated value of its real estate and equipment is 187 million euros.
Long-term liabilities and provisions are worth EUR 13,5 million, which is EUR 1,2 million more, while short-term liabilities remained at the same level of EUR 3,7 million.
The Pljevlja State Coal Mine for these nine months had sales revenues of 43,06 million, which is about XNUMX million less than last year, due to a longer break in the operation of the Thermal Power Plant and less export of coal to Serbia.
Business expenses were 21,15 million euros, about 850 thousand euros less, and expenses for wages for these nine months amounted to 18,41 million euros, which is about 300 thousand less than last year in the same period.
The total accumulated profit of Rudnik at the end of September amounted to EUR 44,5 million, while the amount in cash was EUR 6,6 million. Long-term liabilities and provisions at the end of September amounted to 16,3 million euros, and were 2,2 million less, while short-term liabilities were worth 13,3 million and were 1,7 million less.
The Ulcinj Riviera, which has only Ada left, has a profit of 385 thousand
"Ulcinjska riviera", which, after the exclusion of two hotels that the state leased for 2017 years to the "Karisma" group in 30, remained only at the tourist resort on Ada Bojana, had total revenues of 1,8 million euros, which is about 250 thousand better result than last year in the same period.
Operating costs increased from 614 to 800 thousand euros, and salary expenses from 597 to 668 thousand euros.
The business result was 392 thousand euros, not quite a thousand less than last year. Other expenses amounted to four thousand, but since last year it was 7,9 thousand, the final net profit for this period amounts to 385 thousand and is less than a thousand better than last year.
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