October 31 (SeeNews) - Montenegro's Port of Adria [MNG:KOGE], the operator of a cargo and cruise dock at Bar harbour, recorded a net loss of 456,160 euro ($454,900) in the first nine months of 2022, as compared to a net loss of 2.3 million euro in the like period of last year, it said.
The revenue of Port of Adria rose 9.1% on the year to 5.8 million euro in the nine months through September, while operating expenses went down to 2.7 million euro from 2.8 million euro, Port of Adria said in a filing with the Montenegro Stock Exchange.
Port of Adria, a subsidiary of Turkey-based Global Ports Holding (GPH), has been operating the container and general cargo terminal of Bar port since November 2013 when it bought a 62% stake in the capital of Montenegrin company Kontejnerski terminali i generalni tereti (KTGT) from the government.
($ = 1.00285 euro)