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PODGORICA โ Montenegro-based logistics firm Zetatrans has posted a 10% increase in after-tax profit for 2024, driven by higher revenue from transportation and logistics services, according to the companyโs latest stock exchange filing.
Controlled by Sloveniaโs logistics giant Intereuropa, Zetatrans reported a net profit of โฌ1.287 million for 2024, up from โฌ1.166 million in 2023, underscoring solid operational performance in a year of growing regional logistics demand.
Strong Revenue Growth Boosts Bottom Line
- Net sales revenue rose by 10%, reaching โฌ8.01 million in 2024 compared to โฌ7.28 million in the previous year.
- Other operating income climbed to โฌ285,000, up from โฌ204,000, reflecting increased auxiliary service activity.
- Despite rising operating expenses (from โฌ4.57 million to โฌ4.97 million), Zetatrans delivered a 14% increase in operating profit, hitting โฌ1.44 million.
Labor-related costs also rose modestly, with wages and contributions increasing to โฌ1.73 million, up from โฌ1.65 million in 2023.
Market Reaction & Ownership Structure
Zetatransโ shares, listed on the Montenegro Stock Exchange (MNSE) under ticker ZETP, last traded on March 25, closing down 7.63% at โฌ1.09 per share, though analysts suggest the decline was part of broader market fluctuations.
Ownership remains predominantly Slovenian:
- Intereuropa holds a 69.3% stake
- Poลกta Slovenije owns 10.5%
- The remainder is distributed among minority shareholders
Regional Logistics Outlook
Operating out of Podgorica, Zetatrans provides end-to-end logistics services, including:
- Domestic and international freight transport
- Warehousing and customs brokerage
- Distribution and goods preparation for shipping
The companyโs growth mirrors broader regional trends as Montenegro strengthens its role as a logistics hub for the Western Balkans, particularly with expanding EU-adjacent trade corridors.
Industry experts suggest that if the company maintains its current trajectory, it could seek to expand its warehouse footprint or pursue digitization initiatives to improve efficiency in 2025.
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