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Nov 20, 2017 10:54 EEST
November 20 (SeeNews) - Macedonian fuel retailer Makpetrol [MSE:MPT] said on Monday its consolidated net profit fell by an annual 24% to 203.7 million denars ($3.9 million/3.3 million euro) in the first nine months of 2017.
The company’s operating revenue rose 14% year-on-year to 14.0 billion denars in the January-September period, Makpetrol said in a bourse filing.
The fuel retailer’s operating expenses increased 16% on the year to 13.8 billion denars in the review period.
Financial revenue rose by an annual 21% to 74.9 million denars in the period under review, while financial expenses fell 32% on the year to 54.4 million denars.
Makpetrol has a network of 126 fuel stations across Macedonia. The company also has units in neighbouring Serbia and Greece.
(1 euro = 61.51 denars)
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