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Nov 03, 2017 11:28 EEST
SKOPJE (Macedonia), November 3 (SeeNews) – Macedonian textile products manufacturer Teteks [MSE:TETE] said on Friday its consolidated net profit rose to 44.4 million denars ($840,400/721,500 euro) in the first nine months of 2017 from 36.3 million denars in the like period of last year.
The company’s operating revenue fell to 205.3 million denars in January-September from 264.7 million denars in the corresponding period of 2016, Teteks said in a bourse filing.
Operating expenses decreased to 188.3 million denars in the review period from 226.6 million denars the year before.
Teteks’ financial revenue rose to 34.6 million denars in the first nine months of 2017 from 13.1 million denars in the prior-year period, while financial expenses fell to 712,000 denars from 754,000 denars.
(1 euro = 61.54 denars)
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