ŽPCG achieved a profit of 1.4 million euros for the first 9 months of 2022.
ŽPCG achieved a profit of 1.4 million euros for the first 9 months of 2022, which is by far the best result since the establishment of ŽPCG AD Podgorica. A total of 612,000 passengers were transported, and by the end of the year, close to 800,000 transported passengers is expected. Key performance indicators indicate a significant improvement in operations over the past two years. Thus, revenue from sales for the first 9 months of the current year amounts to 2.6 million, which is a 70% better result compared to the same period in 2020. The company's total debt has been reduced by as much as 4 million (from 20.7 million, which was the amount on 31.12.2020, to 16.7 million, which is the amount on 30.09.2022). Net capital has increased by 17% (from 13.27 million, which was the amount on 31.12.2020, to 15.52 million, which was the amount on 30.09.2022). Current tax obligations are being regularly settled, and the previous debt to the Revenue and Customs Administration has been reduced by 1 million euros (from 6.73 million, which was the amount on 31.12.2020, to 5.80 million, which is the current amount). Ultimately, the inherited accumulated loss, which amounted to 27.77 million at the end of 2020, has been reduced to 25.58 million as of 30.09.2022.
Despite significant inherited obligations, and despite the fact that ŽPCG operates with limited rolling stock, the results indicate that railway passenger transport has potential and that with an adequate investment strategy, it can achieve even greater traffic, both in local and international passenger transport.