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Montenegro's Centrojadran swings to profit in Q1

May 7, 2024, 11:23:42 AMArticle by Djordje Jajcanin
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May 7 (SeeNews) - Montenegrin logistics company Centrojadran [MNG:CENB] said it booked a net profit of 35,496 euro ($38,200) in the first quarter of 2024, compared to a net loss of 56,869 euro in the like period of last year.

Montenegro's Centrojadran swings to profit in Q1
Ministry of Economy/All rights reserved.

The company’s revenue decreased to 203,398 euro in the three months through March, from 266,492 in the comparable period of 2023, while operating costs fell by 33.7% on the year to 260,284 euro, the company said in a filing with the Montenegro Stock Exchange last week.

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.

($ = 0.9291 euro)

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