Montenegro's Port of Adria cuts 9-mo net loss

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)