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Montenegro's Lovceninvest swings to profit in Q1

Apr 23, 2024, 4:31:18 PMArticle by Djordje Jajcanin
share
April 23 (SeeNews) - Montenegrin construction company Lovceninvest [MNG:LOIN] said on Tuesday that it recorded a net profit of 417,005 euro ($444,820) in the first quarter of 2024, versus a net loss of 23,758 euro in the like period of last year.

Montenegro's Lovceninvest swings to profit in Q1
Ken Teegardin/CC BY-SA 2.0

Lovceninvest’s sales revenue soared to 502,382 euro in the first quarter of 2024 from 4,898 in same period of last year, while operating costs went up 11.4% to 31,922 euro, 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.

($ = 0.9374 euro)

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