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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Montenegro's Lovceninvest pares net loss in 2023

Apr 10, 2024, 3:49:20 PMArticle by Djordje Jajcanin
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April 10 (SeeNews) - Montenegrin construction company Lovceninvest [MNG:LOIN] said on Wednesday that its net loss shrank to 8,264 euro ($8,920) in 2023, from 102,460 euro in the previous year.

Montenegro's Lovceninvest pares net loss in 2023
Ken Teegardin/CC BY-SA 2.0

Lovceninvest’s sales revenue more than halved to 87,961 euro in 2023 from 195,629 in 2022, while operating costs went down 19% to 154,672 euro in 2022, the company said in a filing with the Montenegro Stock Exchange.

Lovceninvest’s capital is composed of 82,280 shares with a nominal price of 11.2484 euro apiece.

($ = 0.9265 euro)

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