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Montenegro's Mimoza pares Q1 net loss

Author Radomir Ralev
Montenegro's Mimoza pares Q1 net loss Ken Teegardin/CC BY-SA 2.0

PODGORICA (Montenegro), June 7 (SeeNews) - Montenegrin hotel operator Mimoza [MNG:MIMO] recorded a net loss of 119,224 euro ($124,144) in the first quarter of 2022, versus a 270,277 euro loss in the like period of last year, it said.

Revenues went down to 103,998 euro from 1.0 million euro, whereas expenses declined to 133,993 euro from 957,430 euro, Mimoza said in an interim financial report posted on the website of the Montenegro Stock Exchange.

Mimoza's capital is composed of 3,436,509 with a nominal price of 3.0076 euro apiece. The company is listed on the free market segment of the Montenegro Stock Exchange.

($ = 0.96036 euro)

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