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Montenegrin lottery operator's 9-mo net loss slightly widens

Dec 5, 2023, 12:57:25 PMArticle by Djordje Jajcanin
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December 5 (SeeNews) - Montenegrin lottery operator Lutrija Crne Gore [MNG:LUCG] said on Tuesday that its net loss slightly widened in the first nine months of 2023, to 420,332 euro from 418,688 euro in the like period of last year.

Montenegrin lottery operator's 9-mo net loss slightly widens
License: CC0 Creative Commons

The company’s sales revenue rose 7.1% year-on-year to 351,554 euro in January-September, while operating costs increased to 453,993 euro from 411,057 euro, Lutrija Crne Gore said in a filing with the Montenegro Stock Exchange.

The biggest shareholders of the lottery operator are Flesh & AS with a stake of 51% and local businessman Sava Grbovic with 43.68%.

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