Macedonian Metals Producer RZ Institut 9-mo Prelim Net Profit Falls 44.8% Y/Y - Table

“The global economic crisis has additionally aggravated the conditions for regular business operations. Quick restructuring and appropriate measures are needed for the negative fallout to be avoided”, the company said in a statement.

Following are details from RZ Institut's income statement filed with the Macedonian Stock Exchange (MSE), where the company is listed (in millions of denars):

The company's stock was quoted flat at 999 denars on Tuesday, with no shares changing hands.

RZ Institut, once the research and development division of communist-era steel giant Zelezarnica, produces ferro alloys and aluminium alloys and processes ferrous metal scrap. It provides analyses, measurements, exploration and testing of ores and mining equipment.

The company is 70.65%-owned by British Virgin Islands-registered Repro One Ltd.

(1 euro = 61.528 Macedonian denars)