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February 11, 2016 9:29 AM ET

Electric Utilities

Company Overview of Crnogorski Elektroprenosni Sistem AD

Company Overview

Crnogorski Elektroprenosni Sistem AD operates a network of electricity transmission systems in Montenegro. The company operates a grid, which consists of approximately 1300 Kms of overhead lines, and 24 substations and switchgears on voltage levels of 400kV, 220kV, and 110kV. It also leases optical fibers and other infrastructure for telecommunication operators. The company was founded in 2009 and is based in Podgorica, Montenegro.

Bulevar Svetog Petra Cetinjskog 18

Podgorica,  81000


Founded in 2009


382 20 407 682

Key Executives for Crnogorski Elektroprenosni Sistem AD

Director of Sector for Finantial Planing, Control and Investitor Relations
Executive Director
Director of National Dispatch Center
Director of Elektroprenos
Compensation as of Fiscal Year 2015.

Crnogorski Elektroprenosni Sistem AD Key Developments

Crnogorski Elektroprenosni Sistem Announces Earnings Results for the Nine Months Ended September 2015

Crnogorski Elektroprenosni Sistem announced earnings results for the nine months ended September 2015. For the period, net profit dropped 68% to EUR 3.6 million ($4 million). Operating revenue fell 21.6% to EUR 23.3 million.

Crnogorski Elektroprenosni Sistem Announces Earnings Results for the First Half Ended June 2015

Crnogorski Elektroprenosni Sistem announced earnings results for the first half ended June 2015. The net profit of the company dropped to EUR 2.2 million in the first half of 2015 from EUR 7.8 million a year earlier. Operating income dropped 23.3% to EUR 15.4 million through the period.

Crnogorski Elektroprenosni Sistem Reports Earnings Results for 2014

Crnogorski Elektroprenosni Sistem reported earnings results for 2014. Net profit soared to €12.1 million ($13 million) in 2014 from €2.6 a year earlier. Operating revenue rose 39% to €37.1 million in 2014, while operating costs increased to €24 million from €22.6 million.

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