Montenegro's Poliex swings to profit in Q1

The company's sales revenue went up to 2.5 million euro in the first three months of this year, from 748,222 euro in the comparable period of 2023, while operating costs increased to 1.1 million euro from 730,880 euro, Poliex said in a filing with the Montenegro Stock Exchange.

Local businessman Slavko Vujisic owns 82.6% of Poliex, with the remainder held by a number of minority shareholders, bourse data showed.

($ = 0.9271 euro)