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Macedonian Heating Utility Toplifikacija 9-Mo Prelim Pre-Tax Profit Rises Eightfold - Table

Nov 3, 2009, 4:03:13 PMArticle by Valentina Dimitrievska
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November 3 (SeeNews) - Macedonian blue-chip heating utility Toplifikacija said on Tuesday its preliminary pre-tax profit rose eightfold to 146.4 million denars ($3.5 million/2.4 million euro) in the first nine months of 2009, from 18.4 million denars a year ago.

Macedonian Heating Utility Toplifikacija 9-Mo Prelim Pre-Tax Profit Rises Eightfold  - Table

Following are figures from Toplifikacija's income statement (in millions of denars), sent to the Macedonian Stock Exchange (MSE):

Jan-Sept'09 Jan-Sept'08
PRE-TAX PROFIT 146.378 18.394
OPERATING PROFIT 233.647 37.614
GROSS PROFIT 499.681 277.879
SALES REVENUE 1,145.9 1,160.8


Toplifikacija is a component of MSE's blue-chip index. Its shares closed at 6,000 denars on Tuesday, 0.1% down from a day earlier.

Toplifikacija (www.toplif.com.mk) supplies heating energy to the Macedonian capital Skopje, a city of some 700,000 people. The utility has an installed capacity of 560 megawatts.

(1 euro = 61.0756 Macedonian denars)

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