SeenewsSeenews
Search
Seenews
AlertsSeenewsSeenews
Searchclose
TOPICS
arrow
COUNTRIES
arrow
INDUSTRY
arrow
Economy
arrow
Browse Economy
Mix and match your focus countries with our advanced search
Investments
arrow
Browse Investments
Mix and match your focus countries with our advanced search
Deals
arrow
Browse Deals
Mix and match your focus countries with our advanced search
Tech
arrow
Browse Tech
Mix and match your focus countries with our advanced search
Green
arrow
Browse Green
Mix and match your focus countries with our advanced search
0/5
You have 5 free articles left this month
You have 0/5 free articles
Sign up to get 5 more free articles this month
SIGN UP
arrow
LOGIN
arrow

Macedonian Food Co Vitaminka 9-Mo Prelim Net Profit Edges Down 0.4% Y/Y - Table

Nov 14, 2008, 5:04:22 PMArticle by Valentina Dimitrievska
share
November 14 (SeeNews) - Macedonian food company Vitaminka AD Prilep said on Friday its nine-month preliminary net profit edged down by 0.4% year-on-year to 25.704 million denars ($521,379/411,452 euro).

Macedonian Food Co Vitaminka 9-Mo Prelim Net Profit Edges Down 0.4% Y/Y - Table

Following are details from Vitaminka's income statement, sent to the Macedonian Stock Exchange (MSE), where the company is listed (in millions of denars):

Jan-Sept'08 Jan-Sept'07
NET PROFIT 25.704 25.810
OPERATING PROFIT 43.297 35.440
SALES REVENUE 814.328 717.851

The company's shares closed at 7,773 denars on Friday, 0.3% down from a day earlier.

Last month, Vitaminka opened a new production unit for soft cakes, worth of 5.5 million euro ($6.98 million), of which four million euro were financed through a loan from the European Bank for Reconstruction and Development (EBRD).

The company has been licensed by Slovenian food processing company Kolinska, now part of Slovenian group Droga Kolinska, to manufacture its products.

(1 euro = 62.4715 Macedonian denars)

Your complete guide to the emerging economies of Southeast Europe. From latest news to bespoke research – the big picture at the tip of your fingers.