April 1 (SeeNews) - Montenegro's wine producer 13 Jul-Plantaze [MNG:PLAP] recorded a net loss of 5.9 million euro ($6.4 million) in 2023, compared to a 13 million euro net loss in 2022, it said.
Revenue rose by 18.2% on an annual comparison basis to 29.2 million euro last year, while operating costs went up to 21.3 million euro from 19.5 million euro, 13 Jul-Plantaze said in a filing to the Montenegro Stock Exchange last Friday.
The government's Investment and Development Fund owns a 22.2% stake in Plantaze, 21.5% is held by the Pension and Disability Insurance Fund and 9.2% is owned by Komercijalna Banka Montenegro. The remainder is in the hands of a number of minority shareholders.
$ = 0.9266 euro