November 8 (SeeNews) - Montenegrin state-controlled rail transport operator Zeljeznicki Prevoz Crne Gore (ZPCG) said its net loss in the first nine months of 2019 fell to 61,933 euro ($68,405) from 935,391 euro in the like period of last year.
The revenue of the company went up 16.2% on the year to 6.6 million euro, while operating costs declined 1.1% to 6.5 million euro, ZPCG said in an interim financial statement filed with the Montenegro Stock Exchange.
The company swung to an operating profit of 124,956 euro from an operating loss of 865,635 euro in the first nine months of 2018.
The Montenegrin state directly controls a 90.79% stake in the capital of ZPCG.
($ = 0.905377 euro)