Management of Port Bar from January to June this year, has been profitable for only 14,668 euros, which is significantly worse outcome compared to the same period last year when they were in the plus 307 137 euros.
This shows the results of operations of major state companies published on the website of the Securities and Exchange Commission (SEC ) . During the first half of the year , the consolidated statement of operations shows that they achieved revenues of 3.71 million, which is about 18.8 percent less than in the same period last year . Operating expenses were also reduced from 4.25 million to 3.59 million, ie 15.3 per cent.
Accumulated losses from previous years , according to data from the balance sheet of Port, increased for the year , from 2.56 million to 3.1 million. Also, the debt increased in this company.
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Last year Port has lost one of its most important partners Smederevo Steel Factory which stopped production , but it got the job with Fiat – Serbia , exporting cars across the Bar. According to the announcement , KAP from Podgorica will soon be partner of Port Bar again, and for more than two years of metal exports through the Port of Ploce aluminum will be exported via Bar.
