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Montenegro's Fjord records net loss in Q1

Author Radomir Ralev
Montenegro's Fjord records net loss in Q1 Gena96/Shutterstock.com

PODGORICA (Montenegro), June 7 (SeeNews) - Montenegrin hotel operator Fjord [MNG:FJOK] recorded a net loss of 217,440 euro ($226,414) in the first quarter of 2022, versus a 937,591 euro loss booked in the like period of last year, it said.

The revenue of Fjord grew to 128,048 euro from 33,498 euro, whereas operating costs went up to 153,520 euro from 99,772 euro, the company said in a filing with the Montenegro Stock Exchange.

Fjord's capital is composed of 498,306 shares with a nominal price of 25.5646 euro apiece. The company is listed on the free market segment of the Montenegro Stock Exchange.

($ = 0.960363 euro)

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