Montenegro’s OZVS widens net loss in Q1

The company’s revenue rose 12.9% on the year to 531,447 euro in the first three months of 2024, while operating costs increased to 116,340 euro from 106,883, OZVS said in a filing with the Montenegrin Stock Exchange last week.

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 rolling stock maintenance firm from bankruptcy.

OZVS shares last traded on the Montenegro Stock Exchange on April 26, closing flat at 1.45 euro.

($ = 0.9296 euro)