Ten Top Companies Report EUR110m Decline in Revenues  | Beta Briefing

Ten Top Companies Report EUR110m Decline in Revenues 

Source: Beta/Dan/CdM
SEE Business / Montenegro | 23.11.20 | access_time 10:57

Stock exchange (Pixabay)

The revenues of the ten companies that make up the MHCE10 stock exchange index equaled EUR416m in the first three quarters, with a drop of EUR110m or 20.9% year-on-year, an analysis of the performance of these companies posted on Montenegroberze’s website shows, the newspaper Dan has reported. 

The companies that make up the country’s top ten companies are Crnogorski Telekom, Luka Bar, Hipotekarna Banka, Crngorski Elektroprenosni Sistem (CGES), Elektroprivreda (EPCG), Sveti Stefan Hoteli, Budvanska Rivijera, the Republic Bureau for Urbanism (RZUP), Plantaže i Jugopetrol. 

Out of these ten companies eight reported lower revenues, while CGES and Luka Bar saw an increase of 19.3% and 15.4%, respectively, CdM has reported. 

Budvanska Rivijera saw the biggest decline in revenues of 86.4%, from EUR20m to EUR2.7m.

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