December 14 (SeeNews) - Montenegro's majority state-owned rail cargo operator Montecargo [MNG:MORG] recorded a net loss of 587,136 euro ($641,190) in the first nine months of 2023, compared with a profit of 427,783 euro in the prior-year period, it said.
The company’s revenue decreased to 5.4 million euro in the nine months through September, from 6.2 million euro a year earlier, while operating costs remained the same at 3.2 million euro, the company said in a filing with the Montenegro Stock Exchange on Tuesday.
The company is listed on the standard market segment of the Montenegro Stock Exchange.
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