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Montenegro's Ulcinjska Rivijera records net loss in H1 - table

Author Radomir Ralev
Montenegro's Ulcinjska Rivijera records net loss in H1 - table Source: Ulcinjska Rivijera

PODGORICA (Montenegro), August 10 (SeeNews) - Montenegrin hotel operator Ulcinjska Rivijera [MNG:ULRI] has reported a net loss of 203,511 euro ($207,800) in the first half of 2022, versus a 228,177 euro loss in the like period of last year.

The company's revenue more than doubled to 201,840 euro in the period under review from 97,742 euro, while operating costs went up to 188,265 euro from 180,378 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):

H1'22 H1'21
Operating costs 188,265 180,378
Revenue 201,840 97,742
Net profit/loss -203,511 -228,177

($ = 0.97932 euro)

 
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