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N. Macedonia's Alkaloid Q1 cons net profit up 6.8%

N. Macedonia's Alkaloid Q1 cons net profit up 6.8% Ministry of Economy/All rights reserved.

SKOPJE (North Macedonia), April 30 (SeeNews) - North Macedonia-based drug maker Alkaloid [MSE:ALK] said on Thursday that its consolidated net profit grew by an annual 6.8% to 314.5 million denars ($5.54 million/5.1 million euro) in the first quarter of 2020.

Sales revenue rose 19% year-on-year to 3.37 billion denars in the January-March period, Alkaloid said in an interim financial statement filed with the Skopje bourse.

Sales abroad increased by 25% to 2.42 billion denars, while domestic sales added 5.2% to 951 million denars.

The cost of goods sold was 22% higher on the year at 1.86 billion denars in the review period.

Alkaloid has two subsidiaries in North Macedonia and 16 subsidiaries and two representative offices abroad - in Serbia, Montenegro, Kosovo, Albania, Bosnia and Herzegovina, Croatia, Slovenia, Switzerland, Bulgaria, Turkey, Ukraine, Russia and the US.

The company employs 1,620 people in North Macedonia and 492 in its subsidiaries outside of the country.

(1 euro = 61.62 denars)

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