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N. Macedonia's Automakedonija grows 9-mo non-cons net profit on revenue rise

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

SKOPJE (North Macedonia), November 19 (SeeNews) - North Macedonia-based car dealer Automakedonija [MSE:AUMK] said that its non-consolidated net profit rose by an annual 38% to 18 million denars ($324,000/293,000 euro) in the first nine months of 2019.

Automakedonija's operating revenue grew 25% year-on-year to 389.9 million denars in the January-September period of the year, the company said in an interim financial statement.

Sales revenue increased 28% to 362.1 million denars, while other operating revenue fell 5% to 27.7 million denars.

The company's operating expenses added 23% to 374.6 million denars in the review period, as cost of goods sold rose 30% to 283.9 million denars.

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

(1 euro = 61.56 denars)

 

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