The net profit of Montenegrin oil products
distributor Jugopetrol increased to 4.66 million euro ($5 million) in
2014 from 4.48 million euro a year ago, company data indicated.
Operating
revenues fell by 5.4% to 173 million euro in 2014, while operating costs
declined by an annual 5% to 169.4 million euro, Jugopetrol said in a financial
report sent to the Montenegro Stock Exchange.
Jugopetrol, based in Kotor,
has been a member of Greece's Hellenic Petroleum Group since 2002. The company
is active in the retail and distribution of petroleum products and the wholesale
of petroleum products through the operation of a storage facility at the
Adriatic port of Bar and filling terminals at the airports of Tivat and
Podgorica.