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Marina Bar 9-mo net profit rises 11%

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Photography source: Shutterstock.com

Marina Bar said on Monday that it booked a net profit of 371,927 euro ($399,842) in the first nine months of 2023, up from a net profit of 335,499 euro in the like period of last year.

Revenues rose by 13% to 869,651 million euro in the January-September period, while operating costs increased to 224,154 euro from 190,662 euro, Marina Bar said in a filing with the Montenegro Stock Exchange.

The government of Montenegro holds a 19.5% stake in Marina Bar, with the remainder owned by government funds, institutions and individual investors.

Source: seenews.com

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