Montenegro's FEP registers 19.5% y/y drop in H1 loss.

By bne IntelliNews August 14, 2012
The electrodes factory Piva (FEP) reported a loss of EUR 0.61mn in the first half of the year, down by 19.5% y/y, according to the financial statement published at the website of the securities commission. Operating revenues of the company amounted to EUR 0.29mn, up by 20.5% y/y, while operating expenditures dropped by 12.7% y/y to EUR 0.78mn. The total assets of the plant contracted by 1.4% y/y to EUR 8.35mn at end-June.
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