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Nov 10, 2017 17:09 EEST
November 10 (SeeNews) - Macedonian cigarette maker Tutunski Kombinat-Prilep [MSE:TKPR] said on Friday it turned to a non-consolidated net loss of 3.6 million denars ($68,250/58,500 euro) in the first nine months of the year, from a net profit of 9.8 million denars in the like period of 2016.
Total operating revenue rose by an annual 2% to 913.9 million denars in the January-September period, TKP said in a non-consolidated financial statement filed with the Skopje bourse.
Domestic sales revenue declined 32% to 180.1 million denars, while sales revenue generated outside Macedonia rise 21% to 732.3 million denars.
Total operating costs added 11% year-on-year to 880.1 million denars.
Financial revenue more than tripled to 4.2 million denars in the nine months through September from 1.3 million denars the year before, while financial costs rose 17% to 43.3 million denars.
The company's core business is the purchasing and processing of oriental tobacco, production of cigarettes, filter rods, different types of adhesives for the tobacco industry and other applications. It also operates a hotel in Ohrid.
(1 euro = 61.51 denars)
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