The companies included in the MNSE10 stock index achieved a net profit of 27.35 million EUR by the end of the third quarter of this year, according to data from Montenegro Stock Exchange (Montenegroberza).
In the same period last year, the net profit of these ten blue-chip companies was 108.82 million EUR, representing a 74.87% decline in net results for Q3 2024 compared to Q3 2023.
The companies with the largest increase in net profit for the third quarter, compared to the same period last year, were Luka Bar, Plantaže, and Napredak Kotor.
The highest absolute net profits for the first nine months of the year were reported by Crnogorski elektroprenosni sistem (CGES), with 17.36 million EUR, and Hipotekarna banka, with 18.57 million EUR.
Montenegroberza analyzed business revenues, net results, and earnings per share for the ten companies making up the MNSE10 index.
The total business revenues of these companies at the end of Q3 amounted to 736.35 million EUR, reflecting a decrease of around 9.2% compared to the same period last year.
The biggest increases in business revenues were recorded by Hipotekarna banka and Plantaže.
Six companies reported positive earnings per share, with the highest figures seen at Jugopetrol and Hipotekarna banka.
