PODGORICA (Montenegro), November 3 (SeeNews) – Montenegrin company Port of Adria [MNG:KOGE], the operator of the port of Bar's cargo terminal, said its loss widened to 1.2 million euro ($1.4 million) in the first nine months of 2017 from 613,095 euro in the respective period of last year.
The company's revenue went down 13.6% on the year to 5.1 million euro while operating costs declined 1.6% to 6.2 million euro, Port of Adria said in a financial statement filed with the Montenegro Stock Exchange.
Operating loss expanded to 1.16 million euro in the January-September period from 385,720 euro in the first nine months of last year, Port of Adria said.
Following are details of Port of Adria's performance (in million euro):
| |
9-mo'17 |
9-mo'16 |
| Operating costs |
6.232 |
6.280 |
| Revenue |
5.069 |
5.895 |
| Operating profit/loss |
-1.163 |
-0.386 |
| Net profit/loss |
-1.231 |
-0.613 |
($ = 0.8588 euro)