April 25 (SeeNews) - Montenegro's Port of Adria [MNG:KOGE], the operator of the container and general cargo terminal at the port of Bar, said on Thursday that its net loss widened to 583,255 euro ($625,150) in the first quarter of 2024 from 36,931 euro in the like period of last year.
The revenue of Port of Adria fell to 2.1 million euro in the first quarter of this year from 2.3 million euro in the corresponding period of 2023, while expenses edged down to 1.018 million euro from 1.019 million euro, the company said in a filing to the Montenegro Stock Exchange.
Port of Adria, a subsidiary of Turkey-based Global Ports Holding (GPH), has been operating the container and general cargo terminal of Bar port since November 2013 when it bought a 62% stake in the capital of Montenegrin company Kontejnerski terminali i generalni tereti (KTGT) from the government.
($ = 0.9329 euro)