March 29 (SeeNews) - Macedonian fuel retailer Makpetrol [MSE:MPT] said on Thursday its consolidated net profit fell by 19% year-on-year to 314.5 million denars ($6.3 million/5.1 million euro) in 2017.
The company's operating profit decreased 23% to 332.2 million denars last year, due to a 15% increase in operating expenses to 18.59 billion denars, Makpetrol said in its 2017 annual financial statement.
The fuel retailer's operating revenue rose by 14% last year, to 18.92 billion denars. Sales on the domestic market added 13% to 17.95 billion denars, while sales abroad grew 35% to 822.1 million denars.
Makpetrol operates a network of 127 fuel stations across Macedonia. The company also has units in neighbouring Serbia and Greece.
(1 euro = 61.42 denars)