July 29 (SeeNews) - North Macedonia's construction materials producer Cementarnica Usje [MSE:USJE], a unit of Greek cement producer Titan, said on Thursday that its net profit decreased by 41% year-on-year to 406.1 million denars ($6.7 million/6.3 million euro) in the first six months of 2022.
Cementarnica Usje's operating revenue came in at 2.9 billion denars in the period under review, up 15% on an annual comparison basis, the company said in a bourse filing.
Domestic sales added 17% to 1.9 billion denars, while sales on foreign markets rose by 11% to 921.8 million denars.
Operating expenses increased 48% on the year to 2.5 billion denars in the period under review, as costs for materials jumped 83% to 1.4 billion denars.
Cementarnica Usje employs more than 250 people.
(1 euro = 61.55 denars)