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Aug 01, 2023 14:47 EEST
August 1 (SeeNews) - Montenegro's wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 3.6 million euro ($4 million) in the first half of 2023, compared to a net loss of 4.3 million euro in the like period of last year, it said.
Revenues rose to 9.8 million euro in the first six months of 2023 from 8.7 million euro in the like period of 2022, whereas operating costs rose to 9 million euro from 8.1 million euro, the company said in a filing to the Montenegro Stock Exchange on Monday.
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.
$ = 0.9107 euro
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