Montenegrin rail cargo operator Montecargo reported it had achieved a net profit of 53,717 euros in 2015 from a revised net loss of 1.87 million euros in 2014. The company recorded a pre-tax profit of 110,163 euros, from a loss of 1,7 million euros in 2014.
Montecargo’s revenues increased by 17% to 7 million euros, while operating costs rose by 7.1% to 6.9 million euros. The company’s total assets were valued at 23,5 million euros.
The Montenegrin state owns 85.4% of Montecargo.
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