PODGORICA (Montenegro), November 17 (SeeNews) – Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] said its net profit fell to 606,641 euro ($715,838) in the first nine months of 2017, down from 1.1 million euro in the prior-year period.
The revenue of the company went up 13.9% year-on-year to 8.2 million euro in January-September and operating costs rose 23.3% to 7.2 million euro, Luka Bar said in an interim financial statement filed with the Montenegro Stock Exchange.
Operating profit fell to 801,803 euro in January-September from 1.2 million euro, Luka Bar said.
Following are details of Luka Bar's performance (in million euro):
|
9-mo'17 |
9-mo'16 |
Operating costs |
7.441 |
6.046 |
Revenue |
8.243 |
7.230 |
Operating profit |
0.802 |
1.184 |
Net profit |
0.607 |
1.148 |
The Montenegrin government holds a 54.05% stake in the capital of Luka Bar.
($ = 0.847455 euro)