March 14 (SeeNews) - North Macedonian construction company Beton Stip [MSE:BEST] said on Thursday that its non-consolidated net loss widened to 95.2 million denars ($1.7 million/1.5 million euro) in 2018 from 55.3 million denars the year before.
Beton Stip's operating revenue plunged 52% to 198.3 million in 2018, it said in a financial statement.
The company's operating expenses fell 32% to 318.8 million denars.
Cost of goods sold declined 47% to 57.9 million denars, while expenses for materials deceased 41% to 60.6 million denars.
Beton Stip, based in eastern Macedonia, was part of Beton Skopje [MSE:BESK] until 1995.
(1 euro = 61.49 denars)