Petrol Crna Gora MNE d.o.o.
The main activity of the company is the sale of petroleum products and other merchandise in Montenegro.
Activities of the company
The company's principal activity is selling oil, merchandise and services in Montenegro. It was formed when Petrol Crna Gora d.o.o. Cetinje was legally and formally merged into Petrol Bonus d.o.o. in July 2012. The merger resulted in a new company called Petrol Crna Gora MNE d.o.o. In 2020 it sold 40.7 thousand tons of petroleum products and LPG, down 9 percent from 2019. In 2020 Petrol Crna Gora MNE d.o.o. generated EUR 24.0 million in sales revenue, down 28 percent from 2019. This was largely due to lower prices and lower sales of petroleum products as a result of movement restrictions imposed by countries to curb the pandemic and of the decline in economic activity caused by the pandemic (for more information on the impact of the pandemic, see chapter Analysis of business performance and impact of the pandemic on the Petrol Group's operations in 2020). The company generated EUR 19.7 million of sales revenue from the sale of petroleum products and LPG and EUR 4.3 million from the sale of merchandise. Its operating profit stood at EUR 537.6 thousand in 2020. Net profit for 2020 totalling EUR 454.5 thousand. Petrol Crna Gora MNE d.o.o. operated 15 service stations at the end of 2020.
The company's equity totalled EUR 20.4 million as at 31 December 2020