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Macedonian Oil Refinery Okta 9-mo Net Profit Rises 24.4% - Table

SKOPJE (Macedonia), November 7 (SeeNews) - Macedonia's sole oil refinery Okta said its net profit rose 24.4% to 245.1 million denars ($5.49 million/3.98 million euro) in the first nine months of 2011.

Following are details from Okta’s financial statement sent last week to Macedonia’s Securities and Exchange Commission (in millions of denars):

Jan-Sept'11 Jan-Sept'10
NET PROFIT 245.090 197.034
PRE-TAX PROFIT 258.249 197.034
OPERATING PROFIT 227.845 160.635
SALES REVENUE 29,826 21,729


EL.P.ET. Balkaniki, a subsidiary of Greek oil group Hellenic Petroleum, owns 81.5% of the Macedonian refinery.

(1 euro = 61.5050 Macedonian denars)

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