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Macedonian Hotel Group Metropol 9-Mo Prelim Net Profit Soars to 16.04 Mln Denars (259,300 Euro) - Table

Nov 3, 2008, 10:31:52 AMArticle by Valentina Dimitrievska
share
SKOPJE (Macedonia), November 3 (SeeNews) – Macedonian hotel operator Hoteli Metropol said on Monday its preliminary net profit for the nine months of 2008 soared to 16.04 million denars ($333,650/259,300 euro) from 183,000 denars a year earlier.

Macedonian Hotel Group Metropol 9-Mo Prelim Net Profit Soars to 16.04 Mln Denars (259,300 Euro) - Table

Following are details from Hoteli Metropol income statement filed with the Macedonian Stock exchange (MSE), where the company is listed (in millions of denars):

Jan-Sept'08 Jan-Sept'07
NET PROFIT 16.04 0.183
OPERATING LOSS 118.39 129.99
SALES REVENUE 151.72 141.63

Matropol’s shares were quoted flat at 500 denars on Friday, 11% up from a day earlier.

The group comprises three four-star hotels overlooking lake Ohrid: Metropol, Turist and Belvi. Its main shareholder is Skopje-based holding company Fersped.

(1 euro= 61.8687 Macedonian denars)

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