PODGORICA (Montenegro), May 16 (SeeNews) – Montenegrin port operator Luka Bar [MNG:LUBA] reported a net profit of 383,576 euro ($424,517) in the first quarter of 2017, up from 153,205 euro in the respective period of last year, data from the company's financial statement showed.
The revenue of the company went up 41.3% to 2.86 million euro and operating costs rose 33.2% to 2.4 million euro, Luka Bar said in a financial statement filed with the Montenegro Stock Exchange.
Operating profit jumped to 410,778 euro in 2016 from 185,058 euro, Luka Bar said.
Following are details of Luka Bar's performance (in euros):
|
Q1 2017 |
Q1 2016 |
Operating costs |
2,449,951 |
1,838,847 |
Revenue |
2,860,729 |
2,023,905 |
Operating profit |
410,778 |
185,058 |
Net profit |
383,576 |
153,205 |
($ = 0.903498 euro)