Port News & Information Mediterranean, Black & Caspian Seas

Montenegro’s Luka Bar records €5.37 million loss in Jan-Sep 2018

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Bar, Montenegro (PortSEurope) January 2, 2019 – Montenegrin port operator Luka Bar AD Bar has closed the first nine months of 2018 with a loss of €5.37 million ($6.1 million), versus a €606,000 ($693,000) profit in the same period of 2017. The company’s revenue declined 21.5% year-on-year to €6.47 million ($7.4 million), while costs fell…

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