December 2 (SeeNews) - Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] recorded a net profit of 421,964 euro ($477,448) in the first nine months of 2021, down from 1.4 million euro profit in the like period of last year, it said.
The revenue of the company went up 5.0% to 7.9 million euro in January-September and operating costs grew 14.6% to 7.4 million euro, Luka Bar said in an interim financial statement filed with the Montenegro Stock Exchange.
The company recorded an operating profit of 548,085 euro in the first nine months of 2021.
Following are details of Luka Bar's performance (in million euro):
|
9-mo'21 |
9-mo'20 |
Operating costs |
7.4 |
6.457 |
Revenues |
7.948 |
7.572 |
Operating profit |
0.548 |
1.115 |
Net profit |
0.422 |
1.402 |
($ = 0.88379 euro)