July 20, 2017 11:46 PM 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 of Financial Planning, Control, and Investor Relations
Executive Director
Director of National Dispatch Center
Director of Elektroprenos
Compensation as of Fiscal Year 2017.

Crnogorski Elektroprenosni Sistem AD Key Developments

Crnogorski Elektroprenosni Sistem Reports Earnings Results for the First Nine Months of 2016

Crnogorski Elektroprenosni Sistem reported earnings results for the first nine months of 2016. The company posted a net profit of EUR 1.5 million in the first nine months of 2016, 58% less than in the same period last year. The company's operating income reached EUR 21.4 million through September, down by 8.2% from last year, while its operating costs rose to EUR 19.7 million from EUR 18.8 million. It also posted a loss of EUR 0.053 million from other activities, versus a profit of EUR 0.130 million from other activities a year earlier.

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.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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