April 26 (SeeNews) - Montenegro's wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 1.6 million euro ($1.7 million) in the first quarter of 2024, compared to a 1.5 million euro net loss in the prior-year period, it said on Friday.
Revenue rose by 11.8% on the year to 3.8 million euro in the first quarter, while operating costs rose to 3.1 million euro from 2.5 million euro, 13 Jul-Plantaze said in a filing to the Montenegro Stock Exchange.
The government's Investment and Development Fund owns a 22.2% stake in Plantaze, 21.5% is held by the Pension and Disability Insurance Fund and 9.2% is owned by Komercijalna Banka Montenegro. The remainder is owned by minority shareholders.
$ = 0.9343 euro