Port News & Information Mediterranean, Black & Caspian Seas

Montenegro’s Luka Bar reports slight profit increase in 2020

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Bar, Montenegro (Ports Europe) April 30, 2021 – State-owned port operator Luka Bar has reported a net profit of €119,200 ($144,345) in 2020, up from €49,500 in 2019. Operating costs were €9.3 million (+3.5%), revenue €10.28 million (+12.5%), and operating profit (+138%). Bar is the country’s leading seaport and operated by Luka Bar A.D. Bar….

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