November 14 (SeeNews) - Macedonian food company Vitaminka [MSE:VITA] said on Tuesday its non-consolidated net profit fell by an annual 59% to 15.4 million denars ($294,000/250,400 euro) in the first nine months of 2017.
Operating revenue dropped by 2% on the year to 1.22 billion denars in the January-September period, Vitaminka said in an interim financial report filed with the Macedonian Stock Exchange.
Total operating expenses edged down by an annual 1% to 1.18 billion denars in the review period.
Expenses for materials fell 2% year-on-year to 712.7 million denars.
The company’s financial revenue rose to 5.7 million denars in the January-September period from 1.7 million denars a year earlier, while financial expenses added 69% to 12.2 million denars.
Vitaminka specialises in production of chocolate confectionery and crisp snacks. The company exports over 45% of its output primarily to Serbia, Croatia, Bosnia and Herzegovina, Slovenia, Kosovo, Australia, and the U.S.
(1 euro = 61.51 denars)