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Macedonia's Stater Banka Turns to Q3 Prelim Net Profit of 3.17 Mln Denars (54,942 Euro) Y/Y - Table

Oct 24, 2008, 4:55:09 PMArticle by Valentina Dimitrievska
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October 24 (SeeNews) - Macedonia's Stater Banka AD Kumanovo said on Friday it turned to a third quarter preliminary net profit of 3.17 million denars ($69,447/54,942 euro), after reporting a loss for the same period of 2007.

Macedonia's Stater Banka Turns to Q3 Prelim Net Profit of 3.17 Mln Denars (54,942 Euro) Y/Y - Table

Following are data from Stater Banka’s income statement sent to the Macedonian Stock Exchange (MSE), where it is listed (in millions of denars):

Q3'08 Q3'07
NET PROFIT 3.17 n/a
PRE-TAX PROFIT/LOSS 3.60 -6.41
INTEREST REVENUE 18.23 7.82

The bank's stock closed flat at 1,800 denars on Friday, but no shares changed hands.

Icelandic diversified holding company Milestone Group owns a 90.98% stake in Stater banka, formerly Komercijalno-Investiciona Banka (KIB) - Kumanovo. The bank, based in the northeastern city of Kumanovo was renamed in the beginning of July.

(1 euro = 57.6965 Macedonian denars)

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