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Macedonian Fur, Leather Firm Dimko Mitrev 9-Mo Prelim Pre-Tax Profit Rises 29.9% - Table

Nov 5, 2009, 6:20:10 PMArticle by Valentina Dimitrievska
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November 5 (SeeNews) - Macedonian leather and fur company Dimko Mitrev AD said on Thursday its preliminary pre-tax profit rose by 29.9% on the year to 395,000 denars ($9,501/6,412 euro) in the first nine months of 2009.

Macedonian Fur, Leather Firm Dimko Mitrev 9-Mo Prelim Pre-Tax Profit Rises 29.9% - Table

Following are data from Dimko Mitrev's income statement sent to the Macedonian Stock Exchange (MSE) where the company is listed (in million of denars):

Jan-Sept'09 Jan-Sept'08
PRE-TAX PROFIT 0.395 0.304
OPERATING PROFIT 0.395 0.304
SALES REVENUE 167.9 145.9

Dimko Mitrev share closed flat at 1,251 denars on Thursday.

The company exports 70% of its output to Sweden, and another 20% to Germany, Russia, the Netherlands, Belgium, Austria, Switzerland and the United States. It sells the remaining 10% in Macedonia, a country of two million people. It has 14 outlets located in six Macedonian towns.

Dimko Mitrev (www.dimkomitrev.com.mk) is based in Veles, central Macedonia. It produces coats, seat covers, carpets, slippers, gloves, and toys and employs some 340.

(1 euro = 61.5997 Macedonian denars)

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