November 9 (SeeNews) - Macedonia's largest cigarette maker, Tutunski Kombinat AD (TKP), said on Monday it pared its preliminary consolidated pre-tax loss by 78% to 128.8 million denars ($3.1 million/2.1 million euro) through September.
Following are details from TKP's income statement sent to the Macedonian Stock Exchange (MSE), where it is listed (in millions of denars):
|
Jan-Sept'09 |
Jan-Sept'08 |
PRE-TAX LOSS |
128.8 |
586.3 |
OPERATING LOSS |
73.5 |
218.8 |
SALES REVENUE |
642.9 |
715.4 |
TKP's shares closed flat at 400 denars on Monday.
TKP (www.tkprilep.com.mk) buys tobacco from central Macedonia and has the capacity to produce eight billion cigarettes per year. Its domestic competitors are Jaka Tabak, Strumica Tabak, Sokomak, Veles Tabak, Jugotutun and Mosa Pijade.
(1 euro = 61.8003 Macedonian denars)