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Fortenova sells agri unit to Podravka for 333 mln euro
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Montenegro
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Fortenova sells agri unit to Podravka for 333 mln euro
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Fortis Energy buys 180 MW solar project in Serbia
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Montenegro's Luka Bar profit, revenue plummet in 2023

Apr 1, 2024, 12:23:45 PMArticle by Djordje Jajcanin
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April 1 (SeeNews) - Montenegro's majority state-owned port operator Luka Bar [MNG:LUBA] recorded a net profit of 777,597 euro ($839,035) in 2023, down from 4.6 million euro in the previous year, it said.

Montenegro's Luka Bar profit, revenue plummet in 2023
Photo: Luka Bar

Revenue fell to 15.1 million euro in 2023 from 23.8 million euro in 2022, while operating costs grew slightly to 8.4 million euro from 8 million euro, Luka Bar said in an annual financial statement filed with the Montenegro Stock Exchange last week.

The company recorded an operating profit of 842,703 euro in 2023.

2023 2022
Operating costs 8.349 8.028
Revenue 15.106 23.750
Operating profit 0.843 4.957
Net profit 0.778 4.556

$ = 0.9267 euro

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