March 4 (SeeNews) - North Macedonia-based building materials producer Cementarnica Usje [MSE:USJE], a unit of Greek cement producer Titan, said that its net profit went up by an annual 47% to 1.5 billion denars ($26.4 million/24.3 million euro) in 2023.
Cementarnica Usje's operating revenues lost 3% on the year, standing at 6.5 billion denars in 2023, while operating expenses decreased 16% to 4.9 billion denars, the company said in an annual financial statement last week.
Domestic sales went down 2% to 4 billion denars, while sales on foreign markets fell 6% to 2.2 billion denars.
The company's shares traded on the Macedonian Stock Exchange at an average price of 32,000 denars on Friday, latest bourse data showed.
(1 euro = 61.60 denars)