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Macedonia's Zito Vardar Turns to 9-Mo Prelim Cons Net Profit - Table

Nov 5, 2009, 5:56:09 PMArticle by Valentina Dimitrievska
share
November 5 (SeeNews) - Macedonian holding company Zito Vardar AD said on Thursday it turned to preliminary consolidated net profit of 8.46 million denars ($203,502/137,338 euro) through September from a loss of 66.08 million denars a year earlier.

Macedonia's Zito Vardar Turns to 9-Mo Prelim Cons Net Profit - Table

Following are figures from Zito Vardar's income statement sent to the Macedonian Stock exchange (MSE) where the company is listed (in millions of denars):

Jan-Sept'09 Jan-Sept'08
NET PROFIT/LOSS 8.46 -66.08
PRE-TAX PROFIT/LOSS 11.01 -72.73
OPERATING PROFIT/LOSS 40.42 -36.84
SALES REVENUES 1,008 1,013

The company's shares closed flat at 2,800 denars on Thursday.

Based in the central city of Veles, Zito Vardar is a holding company that specialises in food processing. It manufactures and distributes fresh meat and processed meat products, eggs, bread, flour and pastry under the Zi-Va brand. It has nine subsidiaries across the country.

(1 euro = 61.5995 Macedonian denars)

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