PODGORICA (Montenegro), November 12 (SeeNews) – Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] swung to a net profit of 274,039 euro ($302,269) in the first nine months of 2019 from a 4.1 million euro loss in the like period of last year, it said.
The revenue of the company went up 7.5% on the year to 6.6 million euro in the first nine months and operating costs grew 5.8% to 6.5 million euro, Luka Bar said in an interim financial statement filed with the Montenegro Stock Exchange.
The company recorded an operating profit of 84,947 euro in the first nine months of 2019.
Following are details of Luka Bar's performance (in million euro):
|
9-mo'19 |
9-mo'18 |
Operating costs |
6.475 |
6.121 |
Revenues |
6.56 |
6.1 |
Operating profit/loss |
0.085 |
-0.020 |
Net profit/loss |
0.274 |
-4.128 |
($ = 0.906604 euro)