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Nov 15, 2017 18:24 EEST
SKOPJE (Macedonia), November 15 (SeeNews) – Macedonian wine producer Tikves [MSE:TKVS] said on Wednesday it turned to a non-consolidated net loss of 20.6 million denars ($396,700/334,900 euro) in the first nine months of 2017 from a net profit of 5.0 million denars in the year-ago period.
The company’s operating revenue fell by an annual 24% to 122.5 million denars in the January-September period, Tikves said in a bourse filing.
Operating expenses decreased 8% year-on-year to 124.6 million denars in the review period.
Tikves’ financial revenue fell by 59% on the year to 279,000 denars, while financial expenses rose 40% to 398,000 denars.
(1 euro = 61.50 denars)
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