April 12 (SeeNews) - Montenegrin marina operator Marina Bar [MNG:MARB] said on Friday that it recorded a net profit of 360,879 euro ($385,184) in 2023, a 7% increase on the previous year.
Revenues rose to 1.2 million euro last year from 1 million euro in 2022, while operating costs increased to 301,773 euro from 262,516 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.
$ = 0.9369 euro