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Macedonian Oil Refinery Okta Turns to H1 Net Profit - Table

SKOPJE (Macedonia), August 23 (SeeNews) - Macedonia's sole oil refinery Okta said it turned to a net profit of 509.51 million denars ($11.9 million/8.3 million euro) in the first half of 2011 from a net loss of 235.7 million denars a year earlier.

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

H1'11 H1'10
NET PROFIT/LOSS 509.51 -235.686
PRE-TAX PROFIT/LOSS 519.151 -235.686
OPERATING PROFIT/LOSS 505.319 -263.459
SALES REVENUE 19,246 13,495


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

Okta had 703 employees at the end of June.

(1 euro = 61.5011 Macedonian denars)

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