Montecargo no longer in the red in H1 2015

01-muntenegruMontenegrin rail freight operator Montecargo announced it turned to a net profit of 493,800 euros in the first half of 2015 from a net loss of 123,400 euros in the same period of last year.
The operating income increased to 4.01 million euros from 3.03 million euros in H1 2014, while operating costs rose to 3.4 million euros from 3.2 million euro last year.
Montecargo is owned in a proportion of 84.4% by the state.

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