April 26, 2018 6:58 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 of Financial Planning, Control and Investor Relations
Director of Sector for Regulatory, Legal, Human Resources and International Cooperation
Executive Director
Director of National Dispatch Center
Compensation as of Fiscal Year 2017.

Crnogorski Elektroprenosni Sistem AD Key Developments

Crnogorski Elektroprenosni Sistem Reports Earnings Results for the Nine Months of 2017

Crnogorski Elektroprenosni Sistem reported earnings results for the nine months of 2017. For the nine months, the company reported revenue of EUR 24.794 compared to 21.359 million a year ago. Operating profit was EUR 2.272 million compared to EUR 1.682 million a year ago. Net profit was EUR 2.651 million compared to EUR 1.526 million a year ago. Operating cost was EUR 22.522 million compared to EUR 19.677 million a year ago.

Crnogorski Elektroprenosni Sistem Announces Earnings Results for the First Half of 2017

Crnogorski Elektroprenosni Sistem announced earnings results for the first half of 2017. For the first half of 2017, the company reported its net profit more than doubled to EUR 1.699 million in the first half of 2017 from EUR 0.785 million in the like period of last year. The revenue of the company went up 9.1% on the year to EUR 15.532 million from EUR 14.245 million a year ago. Operating profit grew to EUR 1.392 million from EUR 0.806 million a year ago.

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.

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Recent Private Companies Transactions

February 28, 2018
Part of Transmission Infrastructure of Krnovo Wind Farm

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