February 21 (SeeNews) - North Macedonian construction chemicals maker Ading [MSE:ADIN] said that its consolidated net profit grew 88% to 5 million denars ($92,000/81,000 euro) in 2018.
The company's total operating revenue rose 3% to 443.7 million denars last year, Ading said in a bourse filing.
Total operating expenses increased 3% to 431.3 million denars as cost of goods sold added 24% to 84.3 million denars.
Skopje-based Ading, established in 1969, has representative offices and distributors in 13 countries in Southeast Europe, Asia and the Middle East.
Outside North Macedonia, Ading has production facilities in Bulgaria. The company's product portfolio exceeds 100 items.
(1 euro = 61.50 denars)