April 2 (SeeNews) - North Macedonian construction company Beton Stip [MSE:BEST] said that its consolidated net loss slightly narrowed to 53.7 million denars ($980,000/873,000 euro) in 2018 from 55.6 million denars the year before.
The company grew its financial revenue 61% to 52.3 million denars last year, while financial expenses edged down 2% to 26.9 million denars, figures from the Beton Stip's financial statement showed.
Beton Stip's operating revenue dropped 14% to 354.9 million denars in 2018.
The company's operating expenses fell 8% to 429.3 million denars last year, as cost of goods sold plunged 47% to 57.9 million denars.
Beton Stip, based in eastern Macedonia, was part of Beton Skopje [MSE:BESK] until 1995.
(1 euro = 61.49 denars)