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Montenegro's Ulcinjska Rivijera loss expands in Q1 - table

Author Radomir Ralev
Montenegro's Ulcinjska Rivijera loss expands in Q1 - table Source: Ulcinjska Rivijera

PODGORICA (Montenegro), June 24 (SeeNews) - Montenegrin hotel operator Ulcinjska Rivijera [MNG:ULRI] has reported a net loss of 217,700 euro ($229,600) in the first quarter of 2022, versus a 117,800 euro loss in the like period of last year.

The company reported no revenue in the period under review, versus a revenue of 12,600 euro in the first quarter of 2021, while operating costs fell to 65,400 euro from 77,800 euro, Ulcinjska Rivijera said in an interim financial statement filed with the Montenegro Stock Exchange.

Following are details on Ulcinjska Rivijera's performance (in euro):

Q1'22 Q1'21
Operating costs 65,359 77,751
Revenue 0 12,600
Net profit/loss -217,730 -117,821

($ = 0.94813 euro)

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