March 5 (SeeNews) - North Macedonia-based oil refinery Okta [MSE:OKTA] said that its net profit plunged 65% on the year in 2023 to 191.7 million denars ($3.4 million/3.1 million euro).
Okta's sales revenue dropped 18% year-on-year to 49.2 million denars, the company said in an annual financial statement last week.
Cost of goods sold fell to 48.1 billion denars in 2023 from 58.4 billion denars in 2022.
Okta, a member of the Hellenic Petroleum Group, owns crude oil refining facilities with nameplate capacity of 2.5 million metric tonnes and storage facilities with a total capacity of 350 million litres.
Okta's shares last traded at an average price of 4,900 denars on the Macedonian Stock Exchange (MSE) on February 23.
(1 euro = 61.60 denars)
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