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N. Macedonia's Automakedonija grows 9-mo cons net profit, revenue

Author Mario Tanev
N. Macedonia's Automakedonija grows 9-mo cons net profit, revenue wrangler/Shutterstock.com

SKOPJE (North Macedonia), December 6 (SeeNews) - North Macedonia-based car dealer Automakedonija [MSE:AUMK] said that its consolidated net profit rose by an annual 7% to 18.6 million denars ($335,000/303,000 euro) in the first nine months of 2019.

Automakedonija's operating revenue grew 6% year-on-year to 478.9 million denars in the January-September period of the year, the company said in an interim financial statement.

Sales revenue increased 10% to 445.4 million denars, while other operating revenue fell to 33.5 million denars in the review period from 48.2 million denars the year before.

The company's operating expenses added 5% to 454.5 million denars in the review period, as cost of goods sold rose 14% to 304.3 million denars.

Founded in 1946, Automakedonija is active in maintenance and servicing of various types and brands of motor vehicles.

(1 euro = 61.46 denars)

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