April 9 (SeeNews) - Montenegro’s state-controlled rolling stock maintenance firm Odrzavanje Zeljeznickih Voznih Sredstava [MNG:OZVS] said on Tuesday that its net loss widened to 908,997 euro ($987,271) last year, from a loss of 894,385 euro in 2022.
The company’s revenue rose 23.5% on the year to 2.1 million euro last year, while operating costs increased to 507,568 euro from 478,500, OZVS said in a filing with the Montenegrin Stock Exchange.
In February, Montenegro's government said it mandated the transport ministry to take all necessary measures to facilitate the merger of OZVS and railway operator Zeljeznicki Prevoz Crne Gore, to save the former from bankruptcy.
OZVS shares last traded on the Montenegro Stock Exchange on March 7, closing flat at 1.46 euro.
$ = 0.9207 euro