December 7 (SeeNews) - Montenegrin wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 3.5 million euro ($3.7 million) in the first nine months of 2022, versus a 557,223 million euro net loss in the like period of last year, it said.
The revenue of the company went up 10.1% year-on-year to 16.3 million euro, while operating costs rose by 32% to 12.9 million euro in the review period, 13 Jul-Plantaze said in an interim financial statement filed with the Montenegro Stock Exchange on Tuesday.
The Montenegrin investment development fund owns a 22.3% stake in Plantaze, while 21.5% is held by the Montenegrin pension and disability insurance fund and 9.2% by Komercijalna Banka Montenegro. The remainder is in the hands of minority shareholders.
Following are details on 13 Jul-Plantaze's financial performance (in millions of euro):
|
9-mo'22 |
9-mo'21 |
Operating costs |
12.918 |
9.794 |
Revenue |
16.307 |
14.810 |
Net profit/loss |
-3.514 |
-0.557 |
($ = 0.9529 euro)