October 3 (SeeNews) - Montenegrin hotel operator Primorje Hotels & Restaurant AD Tivat [MNG:PRIT] said it cut its net loss by 78% to 584,000 euro ($572,700) in 2021.
The company’s revenue more than tripled, to 4.75 million euro from 1.55 million euro a year earlier, Primorje said in a consolidated financial statement filed with the Montenegro Stock Exchange on Friday.
Operating costs widened to 3.08 million euro in 2021, from 2.65 million euro a year earlier.
Primorje Hotels & Restaurant AD Tivat's capital is composed of 2,712,280 shares with a nominal price of 6.2353 euro apiece. The company is listed on the free market segment of the Montenegro Stock Exchange.
($ = 1.01979 euro)