May 22 (SeeNews) - Montenegrin state-controlled wine producer 13 Jul-Plantaze [MNG:PLAP] said its net loss expanded to 2 million euro ($2.2 million) in the first quarter of 2019 from 1.5 million euro in the like period of the previous year.
The revenue of the company went up to 3.7 million euro from 3.4 million euro, while operating costs grew to 4.9 million euro from 4.8 million euro, 13 Jul-Plantaze said in an interim financial statement filed with the Montenegro Stock Exchange.
Operating loss declined 11.2% on the year to 1.2 million euro in the first quarter, 13 Jul-Plantaze said.
Following are details on 13 Jul-Plantaze's financial performance (in millions of euro):
|
Q1'19 |
Q1'18 |
Operating costs |
4.864 |
4.787 |
Revenues |
3.670 |
3.444 |
Operating profit/loss |
-1.194 |
-1.343 |
Net profit/loss |
-1.986 |
-1.548 |
($ = 0.895027 euro)