Montenegrin ferry owner Barska Plovidba has posted higher earnings for the second quarter as costs dropped.
Net profit was EUR 2.5m ($2.97m) to 30 June, according to the Poslovni Dnevnik daily.
This is a fourfold increase from the same period of last year.
Costs fell 29% to around EUR 3m, while revenue dropped 1.7 times to EUR 2.8m year-on-year.
Total asset values declined 3% to EUR 44m.
