Montenegro’s Marina Bar 9-mo net profit rises 11% y/y

Revenues rose by 13% to 869,651 million euro in the January-September period, while operating costs increased to 224,154 euro from 190,662 euro, Marina Bar said in a filing with the Montenegro Stock Exchange.

The government of Montenegro holds a 19.5% stake in Marina Bar, with the remainder owned by government funds, institutions and individual investors.

$ = 0.9301 euro