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Montenegrin hotel operator Primorje Q1 net loss widens

May 7, 2024, 12:00:33 PMArticle by Djordje Jajcanin
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May 7 (SeeNews) - Montenegrin hotel operator Primorje Hotels and Restaurant [MNG:PRIT] reported a net loss of 202,564 euro ($218,048) for the first quarter of 2024, versus a net loss of 102,698 euro in the prior-year period.

Montenegrin hotel operator Primorje Q1 net loss widens
Ken Teegardin/CC BY-SA 2.0

Revenue dropped to 214,584 euro in the first quarter of 2024 from 230,032 euro a year earlier, while operating costs fell slightly to 184,038 euro from 184,330 euro, Primorje said in a filing to the Montenegro Stock Exchange last week.

The company is listed on the free market segment of the Montenegro Stock Exchange.

$ = 0.9290 euro

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