PODGORICA (Montenegro), May 22 (SeeNews) – Montenegrin hotel operator Budvanska rivijera [MNG:BUDR] recorded a net loss of 2.0 million euro ($2.2 million) in the first quarter of 2020, versus a 1.2 million euro net loss in the like period of last year, it said.
The company's revenue declined 53.8% on the year to 583,350 euro while operating costs fell 3.2% to 2.6 million euro, Budvanska rivijera said in an interim financial statement filed with the Montenegro Stock Exchange.
Following are details of Budvanska rivijera's performance (in millions of euro):
|
Q1'20 |
Q1'19 |
Operating revenues |
0.583 |
1.264 |
Operating costs |
2.572 |
2.658 |
Operating profit/loss |
-1.988 |
-1.394 |
Net profit/loss |
-2.005 |
-1.239 |
($ = 0.917719 euro)