May 23 (SeeNews) - Montenegrin hotel operator Ulcinjska Rivijera [MNG:ULRI] has said its net loss in the first quarter of 2019 narrowed to 238,597 euro ($265,725) from 267,737 euro in the like period of last year.
The revenue of the company went up to 36,500 euro from 6,500 euro, while operating costs declined to 246,111 euro from 266,124 euro, Ulcinjska Rivijera said in a financial statement filed with the Montenegro Stock Exchange.
Operating loss fell 19.3% on the year to 434,757 euro in the first quarter of 2019, Ulcinjska Rivijera said.
Following are details on Ulcinjska Rivijera's performance (in euro unless otherwise stated):
|
Q1'19 |
Q1'18 |
Operating costs |
246,111 |
266,124 |
Revenues |
36,500 |
6,500 |
Operating profit/loss |
-209,611 |
-259,624 |
Net profit/loss |
-238,597 |
-267,737 |
($ = 0.897905 euro)