PODGORICA (Montenegro), December 5 (SeeNews) – Montenegrin marina operator Marina Bar said its net profit increased 3.6% on the year, reaching 402,629 euro ($428,000) in the first nine months of 2016.
Operating income rose by 10.5% to 883,926 euro in the nine months through September, while operating costs dropped to 502,346 euro from 480,240 euro, Marina Bar said in a filing with the Montenegro Stock Exchange.
The government of Montenegro holds a 19.5% stake in Marina Bar, with the remainder owned by government funds, institutions and individual investors.
($=0.939717 euro)