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N. Macedonia's Beton widens net loss in H1

N. Macedonia's Beton widens net loss in H1 Author: Beton. Licence: All rights reserved.

SKOPJE (N. Macedonia), August 16 (SeeNews) - North Macedonia-based construction company Beton Skopje [MSE:BESK] said it recorded a net loss of 259.3 million denars in the first half of 2022, compared with a 244.2 million denars ($4 million/3.9 million euro) net loss in the same period last year.

Total operating revenue was down 36% year-on-year at 266.3 million denars in the January-June period, while operating expenses fell 20% to 502 million denars, Beton said in an interim financial statement filed with the Skopje bourse on Monday.

Sales revenue, all coming from the domestic market, fell 52% on the year to 193.3 million denars in the six months through June.

The company decreased its cost of consumed materials to 61.2 million denars in the first half of 2022, from 109 million denars in the first six months of 2021.

Beton Skopje, founded in 1947, designs and builds houses, roads, bridges, tunnels, hydro systems and industrial plants.

(1 euro = 61.60 denars)

 
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