November 23 (SeeNews) - Montenegrin metal processing company Imako recorded a net loss of 42,600 euro ($44,000) in the nine months through September, down 60% from the like period of last year, the company said.
Imako recorded revenues of 156,000 euro in the nine months through September, up 16.8% year-on-year, the company said in a bourse filing with the Montenegro Stock Exchange on Wednesday.
Imako's sales revenue increased eightfold year-on-year in the nine months through September to 69,000 euro, whereas operating costs decreased 17.8% to 197,000 euro.
Incom-Sehovic owns 45% of Imako. The remainder is in the hands of small shareholders.
($ = 0.969 euro)