Macedonian tobacco co Strumica Tabak 9-mo net profit plunges

Operating income rose 16% to 891.4 million denars in the first nine months, while operating costs increased 25% to 853.2 million denars, the company said in a financial statement sent to Macedonia’s Securities and Exchange Commission.

The company said that 99% of its total income came from the sales on foreign markets.

Strumica Tabak, set up in 1991, had 378 employees at the end of 2011.

(1 euro = 61.5050 Macedonian denars)