May 7 (SeeNews) - Montenegro's port operator Luka Bar [MNG:LUBA] reported a net profit of 250,433 euro ($269,518) for the first quarter of 2024, up from earnings of 207,981 euro booked the like period of last year.
The company's revenue went down 5.1% year-on-year to 3.7 million euro in the first three months oif 2024, while operating costs fell to 1.8 million euro from 2 million euro, Luka Bar said in a financial statement filed with the Montenegro Stock Exchange last week.
Following are details of Luka Bar's financial performance (in millions of euro):
|
Q1 2024 |
Q1 2023 |
Operating costs |
1.798 |
1.994 |
Revenue |
3.692 |
3.897 |
Operating profit |
0.250 |
0.208 |
Net profit |
0.250 |
0.208 |
$ = 0.9291 euro