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Jul 25, 2023 11:26 EEST
July 25 (SeeNews) - Montenegro's wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 1.6 million euro ($1.8 million) in the first quarter of 2023, up 5% on the year, it said.
Revenues edged down to 3.8 million euro in the first three months of 2023 from 4 million euro in the like period of last year, whereas operating costs rose to 3.1 million euro from 2.7 million euro, the company said in a filing to the Montenegro Stock Exchange last week.
The government's Investment and Development Fund owns a 22.3% stake in Plantaze, 21.5% is held by the Pension and Disability Insurance Fund and 9.2% is owned by Komercijalna Banka Montenegro. The remainder is in the hands of a number of minority shareholders.
($ = 0.9027 euro)
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