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Nov 22, 2017 12:04 EEST
November 22 (SeeNews) - Montenegrin state-controlled railway infrastructure operator Zeljeznicka Infrastruktura Crne Gore (ZICG) said its net loss narrowed to 41,600 euro ($48,900) in the first nine months of 2017 from 976,000 euro in the like period last year.
The company's revenue went up 9.8% on the year to 11.2 million euro, while operating costs grew 1.8% also to 11.2 million euro, ZICG said in a financial statement filed with the Montenegro Stock Exchange.
The company swung to an operating profit of 6,100 euro in the first nine months of 2017 from an operating loss of 793,700 euro in January-September 2016, ZICG.
The Montenegrin state directly controls a 72.44% stake in ZICG.
($ = 0.8500 euro)
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