September 1 (SeeNews) - Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] recorded a net profit of 5.238 million euro ($5.243 million) in the first six months of 2022, sharply up from the 93,967 euro profit in the like period of last year, it said.
Revenue went up 135% year-on-year to 11.63 million euro in the first half of 2022, while operating costs grew 39.6% to 6.54 million euro, Luka Bar said in a filing with the Montenegro Stock Exchange on Wednesday.
Following are details of Luka Bar's financial performance (in millions of euro):
|
H1'22 |
H1'21 |
Revenue |
11.630 |
4.954 |
Operating costs |
6.543 |
4.685 |
Net profit |
5.238 |
0.094 |
Luka Bar's capital is composed of 56,766,736 shares with a nominal price of 1.2113 euro apiece. The shares closed at 0.3060 euro on Wednesday on the standard market segment of the Montenegro Stock Exchange.
($ = 0.999106 euro)