January 11 (SeeNews) - Montenegrin state-controlled wine producer 13 Jul-Plantaze [MNG:PLAP] turned to a consolidated net loss of 18.7 million euro ($21.2 million) in 2021, versus a 517,192 euro net profit in the previous year, it said.
The revenue of the company went down 25.4% year-on-year to 22.9 million euro, while operating costs went up 31.5% to 22.1 million euro, 13 Jul-Plantaze said in an annual financial statement filed with the Montenegro Stock Exchange.
Following are details on 13 Jul-Plantaze's financial performance (in millions of euro):
|
2021 |
2020 |
Operating costs |
22.137 |
16.828 |
Revenue |
22.879 |
30.736 |
Net profit/loss |
-18.709 |
0.517 |
($ = 0.88187 euro)