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Nov 14, 2017 17:36 EEST
November 14 (SeeNews) - Macedonia's biggest forwarding company, Fersped [MSE:FERS], said on Tuesday its non-consolidated net profit rose by an annual 2% to 53.4 million denars ($1.0 million/868,500 euro) in the first nine months of the year.
Operating revenue rose 6% on the year to 2.32 billion denars in the January-September period, Fersped said in a bourse filing.
Total operating expenses increased by 6% year-on-year to 2.26 billion denars in the period under review.
Financial revenue shrank by an annual 74% to 5.6 million denars in the review period, while financial expenses fell 56% to 11.0 million denars.
Fersped was established in 1968 and privatised in 1995. It offers mainly transport and forwarding services, as well as customs clearance and storage through offices in Bar, Belgrade, Durres, Pristina and Thessaloniki. Fersped is also active in the hospitality, wine production and brokerage sectors.
(1 euro = 61.48 denars)
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