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Montenegrin Real Estate Co CMC Turns to Q1 Loss

20.4.2012 14:49:00 | Author/Source www.seenews.com

Montenegrin real estate company CMC said on Friday it turned to a net loss of 1,389 euro ($1,843) in the first quarter from a net profit of 58,122 euro a year earlier. Operating income fell to 764,270 euro in 2011 from 864,971 euro a year earlier, while operating costs decreased to 813,733 euro from 884,340 euro, CMC said in its financial report sent to the Montenegro Stock Exchange.

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