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Dec 01, 2017 11:32 EEST
SKOPJE (Macedonia), December 1 (SeeNews) – Macedonian blue-chip construction company Granit [MSE:GRNT] said its consolidated net profit fell by an annual 2% to 364.2 million denars ($7.1 million/5.9 million euro) in the first nine months of 2017.
Granit’s consolidated operating revenue decreased 12% year-on-year to 4.5 billion denars in the January-September period, the company said in a bourse filing on Thursday.
Total operating expenses fell 13% on the year to 4.1 billion denars in the review period.
The company’s financial revenue plummeted 74% to 18.1 million denars, while financial expenses rose 26% to 12.2 million denars.
Skopje-based Granit was established in 1952 and privatised in 1996. Its main activities include construction and rehabilitation of roads. The company owns several concrete and asphalt plants and stone quarries.
(1 euro = 61.51 denars)
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