Makedonski Telekom records 39% rise in 2023 net profit

Total operating revenues edged up 2% on the year to 12.1 billion denars in 2023, the company said in an annual financial statement.

Domestic sales were 1% higher on an annual comparison basis last year, at 11.4 billion denars, while exports rose 13% to 499.8 million denars.

Operating costs totalled 9.7 billion denars last year, some 3% lower compared with the year before.

Makedonski Telekom's shares last traded at an average price of 420 denars on the Macedonian Stock Exchange on February 16.

(1 euro = 61.63 denars)