Macedonian Oil Refinery Okta H1 Preliminary Net Profit Falls 28.3% - Table

SKOPJE (Macedonia), August 30 (SeeNews) - Macedonia's oil refinery Okta said its preliminary net profit fell to 235.686 million denars ($4.87 million/3.83 million euro) in the first half of 2010 from 328.839 million denars a year ago.

Following are details from Okta’s H1 financial report sent to the Macedonia’s Securities and Exchange Commission (in millions of denars):

H1'10 H1'09
NET PROFIT 235.686 328.839
PRE-TAX PROFIT 235.686 328.839
OPERATING PROFIT 263.459 306.085
SALES REVENUE 13,495 10,793

Okta is the sole oil refinery in Macedonia. It had 780 employees at the end of June.

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

(1 euro= 61.596 Macedonian denars)

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