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Montenegro's Centrojadran net profit plummets in 2023

Apr 1, 2024, 1:51:49 PMArticle by Djordje Jajcanin
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April 1 (SeeNews) - Montenegro's logistics company Centrojadran [MNG:CENB] recorded a net profit of 34,039 euro ($37,000) in 2023, down from 161,991 euro in the previous year, it said on Monday.

Montenegro's Centrojadran net profit plummets in 2023
Ken Teegardin/CC BY-SA 2.0

Revenue grew to 1.58 million euro last year from 1.34 million euro in 2023, while operating expenses increased by 29% to 1.8 million euro, the company said in a filing with the Montenegro Stock Exchange.

Operating profit fell to 45,816 euro from 177,475 euro, Centrojadran said.

Centrojadran's capital is composed of 254,098 shares with a nominal value of 18.9178 euro apiece. The company is listed on the free market segment of the Montenegro Stock Exchange.

$ = 0.9275 euro

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