June 1 (SeeNews) - Montenegrin state-controlled wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 2.1 million euro ($2.3 million) in the first quarter of 2020, versus a 2.0 million euro net loss in the like period of last year, it said.
The revenue of the company edged down 0.3% to 3.7 million euro, while operating costs grew 9.8% to 5.3 million euro, 13 Jul-Plantaze said in an interim financial statement filed with the Montenegro Stock Exchange.
Following are details on 13 Jul-Plantaze's financial performance (in millions of euro):
|
Q1'20 |
Q1'19 |
Operating costs |
5.342 |
4.864 |
Revenue |
3.660 |
3.670 |
Net profit/loss |
-2.126 |
-1.986 |
($ = 0.897692 euro)