PODGORICA (Montenegro), January 3 (SeeNews) – Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] said it turned to a net loss of 5.4 million euro ($6.1 million) in the first nine months of 2018 from a profit of 606,641 euro in the like period of 2017.
The revenue of the company went down 21.5% on the year to 10.3 million euro in January-September and operating costs fell 9.4% to 6.7 million euro, Luka Bar said in an annual financial statement filed with the Montenegro Stock Exchange.
Operating loss amounted to 266,313 in the period under review, Luka Bar said.
Following are details of Luka Bar's performance (in million euro):
|
9-mo'18 |
9-mo'17 |
Revenue |
6.473 |
8.243 |
Operating costs |
6.739 |
7.441 |
Operating profit |
-0.266 |
0.802 |
Net profit |
-5.374 |
0.607 |
($ = 0.881547 euro)